•Service companies perform services for a fee. This group includes accounting firms, law firms, and dry cleaning establishments.
•Merchandising companies purchase goods that are ready for sale and then sell them to customers. Merchandising companies include auto dealerships, clothing stores, and supermarkets.
•Manufacturing companies buy materials, convert them into products, and then sell the products to other companies or to the final consumers. Manufacturing companies include steel mills, auto manufacturers, and clothing manufacturers.
All of these companies produce financial statements as the final end product of their accounting process. These financial statements provide relevant financial information both to those inside the company—management—and to those outside the company—creditors, stockholders, and other interested parties. The next section introduces four common financial statements—the income statement, the statement of retained earnings, the balance sheet, and the statement of cash flows.
: Quiz Submissions - Homework 3 - ACCT 220 6381 Principles of Accounting I (2225) - UMGC Learning Ma
BUS 123-45 • Business and Technology Education Centre Al Ain
6 Types of Business Activities.docx
ACCOUNTING 12457 • The University of Lahore - Raiwind Road, Lahore
5-6 Types of Business According to Activities, Accounting Concepts and Principles (4 pages).docx
MANAGEMENT 1 • Ateneo de Davao University
BUSINESS 3010 • Middle Tennessee State University
Types of Business According to Activities.pdf
ACCOUNTING 101 • National College of Business and Arts, Quezon City
BUSINESS MGT540-01F • Freed-Hardeman University
(1Q) Lesson 5 Type of Business According to Activities.docx
ACCOUNTING ACT1102 • Far Eastern University Manila
Basic Accounting - Types of Business According to Activities.txt
ACCOUNTING P1104 • University of Pangasinan
5. Types of Business According to Activities.pptx
ACCOUNTING 101 • Polytechnic University of the Philippines
CH. 2 - TYPES OF BUSINESS ACCORDING TO ACTIVITIES.pptx
ACCOUNTING 101 • Angeles University Foundation
ACCOUNTING 101 • University of the Philippines Diliman
Chapter 5 - TYPES OF BUSINESS ACCORDING TO ACTIVITIES.pptx
ACCOUNTING 10-000530 • Brokenshire College
Solution In-Class WS Questions_Forms and Type of Business.pdf
ACCOUNTING PRINCIPLES • Murdoch University Dubai
Accounting Principles I- Purpose,users,types of business(1).pptx
GLOAD-ELH-X-F MISC • Nanyang Technological University
13 - 14 TYPES OF BUSINESS ACCORDING TO ACTIVITIES (1).pptx
ACCOUNTING 123 • Western Leyte College of Ormoc city, Inc.