when comparing a retail business to a service business,the financial statement that changes the most is the?

NetherCraft 0

financial accounting

2 Answers

  • Income Statement.

    A retail business would have an entire section for cost of goods sold. A service business would not.

    Hope that helps. :0)

    Source(s): Accountant.
  • I would say it would be the Balance Sheet since I am assuming the retail business carries inventory whereas a service business may not. Inventory is a big item in your financial statements, several key ratios are based on the amount of inventory you have.

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