Ask Question
BusinessBusiness
14 September, 17:19

Which of the following is not a difference between a retail business and a service business?

a. inventory included on the balance sheet

b. in what is sold

c. accounting equation

d. the inclusion of gross profit on the income statement

+1
Answers (1)
  1. 14 September, 21:06
    0
    The correct answer is c. accounting equation.

    Explanation:

    The accounting equation is an equality that must be fulfilled in any type of organization, regardless of its nature, since it is made up of the main items that are affected in accounting such as: Assets, Liabilities, Equity. These accounts make up the entity's balance sheet, which summarizes the financial situation in which it is in a given period.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is not a difference between a retail business and a service business? a. inventory included on the balance sheet b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which is cheaper: eating out or dining in? The mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (Money. msn website, November 7, 2012). A sample of 100 neighborhood restaurants showed a mean price of $12.
Answers (1)
Which factor is a social force that influences the marketing environment?
Answers (1)
Which of the following statements best decribes an indirect cost? Question 8 options: None of these statements are true. An indirect cost can be easily and accurately traced to a cost object.
Answers (1)
A company purchased a tract of land for its natural resources at a cost of $1,981,300. it expects to mine 2,170,000 tons of ore from this land. the salvage value of the land is expected to be $267,000. the depletion expense per ton of ore is:
Answers (1)
When artists pass away, the supply of their paintings most likely becomes?
Answers (1)
New Questions in Business
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
Answers (1)
Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and
Answers (1)
The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.
Answers (1)
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.
Answers (1)
Suppose that a rap grouprap group called RG 2RG2 has released its first CD with LiveLive Records at an intended list price of $14.99. Music stores have discovered that they can markup the price to $17.99 with continued strong sales.
Answers (1)
Home » Business » Which of the following is not a difference between a retail business and a service business? a. inventory included on the balance sheet b. in what is sold c. accounting equation d. the inclusion of gross profit on the income statement
Sign Up Forgot Password?