A wholesaler or a retailer needs to maintain stock to carry out its day-to-day operations.This stock is known as ________.

Question

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Merchandise inventory refers to the stock of goods that a wholesaler or retailer holds to sell to customers. Accounts receivable refers to money that is owed to the business by customers who have not yet paid for goods or services. Prepaid insurance refers to insurance that has been paid for in advance. Common stock refers to the ownership shares in a corporation.

A Wholesaler or a Retailer Needs to Maintain Stock to Carry