Which of the following statements is true about a retail business? O a. The reve

Question

Which of the following statements is true about a retail business? O a. The revenue activities of a retail business involve the buying and selling of merchandise Ob. The revenue activities of a retail business involve rendering services to customers Oc. The operating cycle for a service business differs from the operating cycle for a retail business in that a service business tmust purchase merchandise for sale to customers Od. The operating cycles of retail businesses and service businesses are exactly the same

Explanation / Answer

Answer is A Revenue of Retail Business involve the buying and Selling of Merchandise

Revenue of Retail Business involves the buying and Selling of Merchandise whereas revenue of service activity involves providing service.The Operating Cycle differ from service activities as the get Credit for Purchase and Give credit for goods sold.

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