Merchandise Account - An account intended to represent the trading transactions of a
business, and to exhibit gross profit made on same. An account to which are charged the
purchases of material to be sold or used in manufacture, and to which may be credited the
materials sold or used.
business, and to exhibit gross profit made on same. An account to which are charged the
purchases of material to be sold or used in manufacture, and to which may be credited the
materials sold or used.
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