the british isles (england ,scotland ,wales and northern ireland) were governed by the british government only. they devolved power to each individual country-scottish, welsh and irish assemblies which gave each certain but not total powers of government for each. hence devolution.
In business accounting, merchandising inventory refers to merchandise procured by a merchant for resell. Merchandising companies sell products such as clothing, auto parts and other tangible products. Merchandising inventory is different from manufacturing inventory, because the later constitutes products made directly by the manufacturer.
Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as: 1  Received inventory items. 2  Goods sold from stock.3  Items moved from one location to another.erpetual Inventory System Overview. Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as: 1  Received inventory items. 2  Goods sold from stock. 3  Items moved from one location to another.