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.
This includes the cost of storing the stuff and the decreasing value of merchandise thatâs perishable or becoming dated. Hereâs how to make the most of your excess inventory. Sell it to an inventory liquidator. An inventory liquidator will buy your excess merchandise and re-sell it, oftentimes at a discount. There are several things to keep in mind if you decide to go with this option. First, make sure you know what the value is of your merchandise and how much you are asking for before entering into any negotiations.