Posted: September 29th, 2022

In comparing the accounts of a merchandising company with those of a service company, what additional accounts would the merchandising company likely use, assuming it employs a perpetual inventory system.

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Answer the questions below carefully and in detail
In comparing the accounts of a merchandising company with those of a service company, what additional accounts would the merchandising company likely use, assuming it employs a perpetual inventory system. Along with listing these additional accounts, define these accounts, include their accounting categories (Asset, liability, expense, contra…), normal balances and any other information to help other students with the understanding of these accounts.

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