A business owner must understand his numbers to ensure that he is on track to profitability and desired growth. Without understanding things such as costs, margins and profits, the owner is risking ...

Discover key differences in income statements for merchandising and service companies, including inventory, cost of goods sold (COGS), and revenue variations.

In business accounting, merchandising inventory refers to merchandise procured by a merchant for resell. Merchandising companies sell products such as clothing, auto parts and other tangible products.