One sure-fire way to determine exactly what your business has in its inventory is to go in and count every single item. However, taking a physical inventory isn't always practical or even possible, so ...

A retail merchandiser buys products at wholesale and sells them for retail. Because of competition, retailers often contend with razor thin profit margins that they must monitor with an eagle eye.

"The accounting industry's debate over 'gross method vs net method' in revenue recognition stems from differing views on accounting treatment, and perspectives vary depending on interpretation.