:confused: Explain the diference between a merchandising and a manufacturing income statement..

:confused: Explain the diference between a merchandising and a manufacturing income statment..

Merchandising is what you sell.

Manufacturing is what you actually manufacture/make.


M:)

Merchandising Operations have a Cost of Merchandise Sold Expense account.

Manufacturers Expenses are the resources used to manufacture the goods.

It is still Revenues minus Expenses

Thx. A lot its short but clear...
Cous me I have just found a long defenition... :)