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2. What are the accounts that you will see in an Income Statement for a manufacturing company that you do not see in an Incom
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2. In manufactuing company we see accounts like - Schedule of Raw Material placed in Production, Schedule of Cost of Goods Manufactured, Schedule of Cost of Goods Sold. All these accounts are not part of income statement of merchandising company.

3. Basic equation for invertory accounts-

Cost of Goods Sold = Begining Inventory + Purchase - End Inventory

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