With regard to accounting for a merchandising company versus a service enterprise, which is false?

Question

a. Additional accounts and entries are typically required for a merchandising company.

b. Both retail and wholesale enterprises generally use accounting techniques of a merchandising company.

c. The process of measuring net income is conceptually different.

d. There are just as many steps as in the accounting cycle for a merchandising company.

Answer 1

c. The process of measuring net income is conceptually different.

It's still revenue minus costs and expenses.