What is merchandise in accountancy
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Definition: Merchandise, often called inventory, is a good or product that a retailer purchases and intends to sell for a profit. ... Anything that is on the sales floor for sale is considered merchandise because it's a product that they are hoping to sell to customers for a profit.
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Merchandise is an inventory asset that a retailer, distributer, or wholesaler purchases from a supplier to sell for profit. Recording your assets and tracking their value doesn't have to be complicated.
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