what is Merchandise in accounting
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merchandise means the goods to be bought or sold
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Merchandise inventory (also called Inventory) is a current asset with a normal debit balance meaning a debit will increase and a credit will decrease. To determine the cost of goods sold in any accounting period, management needs inventory information.
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HER IS YOUR ANSWER....
Merchandise inventory (also called Inventory) is a current asset with a normal debit balance meaning a debit will increase and a credit will decrease. To determine the cost of goods sold in any accounting period, management needs inventory information.
HOPE IT HELPS YOU..❤❤❤
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