Accountancy, asked by lililililili, 4 months ago

income statement for merchandising business usually have how many sections?

Answers

Answered by rupayelwande1

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.

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