[italianbeauty21]

What is the difference between merchandising and service company statements? What specific itemization appears on one but not on the other?

[morgaine300]

I'd say this is extremely likely a homework question. We are not here just to answer your homework for you. You need to at least make an attempt to do it yourself. Please see our guidelines:

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[jblackzoom]

The income statement of a merchandising company had Revenue, Expenses from sales through the Cost of Goods Sold which result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses (ie: travel expense) that results in Net Income.