income statement for merchandising business usually have how many sections?
Answers
Answered by
0
Explanation:
Answer Expert Verified. -Cost of Good Sold, includes Inventory Account (Beginning and Ending), Gross Purchase, Freight In, Purchase Discount, Return and Allowance. -Administrative and Operating Income/Expense, all income/expense provided/used in administration and operation.
Similar questions
Biology,
30 days ago
Math,
30 days ago
Computer Science,
1 month ago
Social Sciences,
7 months ago
Chemistry,
7 months ago