A wholesaler or a retailer needs to maintain stock to carry out its day-to-day operations. This stock is known as:
A)accounts receivable.
B)prepaid insurance.
C)merchandise inventory.
D)equipment.

Question

Quizplus · Accepted Answer

The stock that a wholesaler or a retailer needs to maintain to carry out its day-to-day operations is known as merchandise inventory. Accounts receivable refers to the money owed to the company by its customers, prepaid insurance is a type of insurance that is paid in advance, and equipment refers to the tools and machines used in the operation of the business.

A Wholesaler or a Retailer Needs to Maintain Stock to Carry