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Q5-1RQ

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Horngren'S Financial And Managerial Accounting
Found in: Page 294

Short Answer

What is a merchandiser, and what is the name of the merchandise that it sells?

Merchandiser refers to a business concern that sells merchandise inventory to its customers.

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Step by Step Solution

Meaning of Merchandise Inventory

The term merchandise inventory refers to the goods held by a distributor, supplier, or wholesaler with the purpose of resale and generating revenues.

Meaning of merchandiser

The term merchandiser is used to denote a business entity engaged in selling the merchandise or goods to the customers.

Also, the merchandise sold by these types of businesses is called merchandise inventory.

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