Describe difference between service and merchandising firm

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Q1. Describe the difference between a service and merchandising firm. Give an example of each from publicly traded companies.

Q2. Give a detailed example of the recording of purchases under a perpetual inventory system including returns, allowances and discounts.

Q3. Give a detailed example of the recording sales revenues under a perpetual inventory system including returns, allowances and discounts.

Q4. Give a detailed example of the recording of purchases under a periodic inventory system including returns, allowances and discounts.

Q5. Give a detailed example of the recording sales revenues under a periodic inventory system including returns, allowances and discounts.

Reference no: EM132540971

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