Manufacturing Companies:
Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.
Merchandising Companies:
Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.
Service-Sector Companies:
Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.
To explain: The difference between manufacturing, merchandising and service-sector companies.
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Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
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