Question

The merchandise that is currently being held by a business to sell to customers is referred...

The merchandise that is currently being held by a business to sell to customers is referred to​ as:

a. merchandise inventory

b. retail goods

c. wholesale goods

d. cost of goods sold

Business   Accounting   
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Answer #1

Answer = Merchandise Inventory

Merchandise inventory refers to the goods held by business and available for sale at any given time.

Cost of goods Sold is the cost of goods sold in a particular period.

Retail goods are the goods which are sold from business directly to customers and wholesale goods are those bought in large quantities and sold from manufacturers or distributors or resellers to other businesses.

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