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Social StudiesSocial Studies
12 March, 20:26

An account never used in a service business is

a. Consulting Fees-Revenue.

b. Interest Payable.

c. Merchandise Inventory.

d. Accumulated Depreciation-Equipment

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Answers (1)
  1. 12 March, 20:28
    0
    The answer is C. Merchandise inventory

    Merchandise inventory is used if the company used a physical product in their activites. A service company usually doesn't have a physical product because they're selling services (for example a consultant company)
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