In modern economy, sales revenue is the fuel that sustains services, innovation and competition -- whether the income stems from a service company or a merchandising business. If you pore over an ...

The primary difference between a merchandising and a service-based business is the presence of inventory. Merchandising businesses sell goods to customer, whereas service-based businesses do not. The ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...