 Hello in this lecture, we're going to find wholesaler according to fundamental accounting principles while the 22nd edition the definition of wholesaler is Intermediary that buys products from manufacturers or other wholesalers and sells them to retailers or other wholesalers So we're talking about the intermediary here buying inventory reselling inventory buying inventory either from a manufacturer or a wholesaler and then selling them again To a retailer or wholesaler therefore we're talking about really business-to-business transactions business to business transactions on the purchasing side typically business-to-business transactions on the reselling side as well for example We might have the manufacturer of t-shirts here and a wholesaler purchasing the t-shirts and then reselling them to for example a retailer at this case of course the wholesaler buying the t-shirts marking them up Reselling them and again when we look at a transaction like this You often might be saying well why don't we cut out the middle person here and oftentimes that middle person is providing a service remember that the middle person is connecting the manufacturer and The retailer so there is value that is being Given in this type of intermediary type of transaction