--%>

Define Goods

Define Goods briefly as an inventory?

E

Expert

Verified

Goods are another name of inventory. Such are the products in which company deals. Each and every trading company purchase goods at lower cost and sell at higher price for earning gain. However all manufacturing companies purchase raw material or goods and manufacture in factory. After packing such goods, such are sold in market.

   Related Questions in Financial Accounting

  • Q : Categories under budgets are divide

    Write down the chief categories under which budgets are divided?

  • Q : What is Capital Capital : In easy word,

    Capital: In easy word, capital signifies the amount or asset that is invested in business by businessman or owner of business. Whenever the business is closed, after paying exterior creditors, balance amount will be his capital that he can attain.

  • Q : Eliminating exposure of the currency

    Banks find it essential in order to accommodate their client’s requirements for buying or selling foreign exchange forward, in several instances for the hedging purposes.  How the bank can eliminate the exposure of the currency it has made for itself by acc

  • Q : Multinational corporations Explain

    Explain Multinational corporations (MNCs) and what the economic roles do they play?

  • Q : Case study of a wind turbine for rural

    The goal of this long problem is to validate the turbine performance estimates in specific (XYZ) wind regimes, and estimate its cost.  Below is a list of tasks you will need to accomplish, but you are not limited to these if you want to do more:  

  • Q : Case study of an Operational-Strategy

    Develop a case study of the Operational-Strategy interface as it applies to organisational change (last 3-5 years) within your organisation, together with a project implementation case study .You are required to detail the operational chan

  • Q : Types of shares What are types of

    What are types of shares issued by a company

  • Q : What is Subsidiary bank State what is

    State what is meant by Subsidiary bank.

  • Q : Whether MNC open their manufactoring

    For most global companies, China symbolizes a very attractive market in terms of size and growth-rate. Yet, it ranks lower in words of economic freedom and higher in political risk than other countries' markets because it has a communist government. Despite such risks

  • Q : Applications of Matlab in Embedded

    Do you face difficulty with embedded system problems using matlab? Do you require help in embedded system assignment and project? We have team of tutors who are highly qualified and practiced in embedded system using matlab. They have vast industrial knowledge of matlab. W