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Unformatted text preview: because they have few receivables and payable's and their statements results are similar to the accrual basis. And, many service related businesses use receivables and payable's. Receivables and payable's are NOT a distinguishing factor between merchandising and service related. The difference in a merchandising and service related businesses is that in merchandising you're selling product, and in service related you're providing a service....
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- Spring '10