--%>

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 : Human race in our modern world Here are

    Here are two papers addressed to the in-class essay from the previous class. Study them in the context of the exact wording of the assignment and take some notes that will enable you to refer to specific features of the two papers when talking about their relative qua

  • Q : Capital budgeting analysis imperative

    State why is capital budgeting analysis so imperative for the firm?

  • Q : Define Financial Calculator Financial

    Financial Calculator: A financial calculator is an electronic calculator which executes financial functions commonly required in business and commerce communities.

  • Q : Calculation of weighted average cost of

    Calculation of weighted average cost of capital: Under this following steps are undertaken: 1. Record amount in respect of various long term resources of firm. 2. Add up the amo

  • Q : Euro-medium-term-note market State

    State difference between the Euro-medium-term-note market, the Euro note market, and the Euro commercial paper market?

  • Q : Foreign subsidiary conforming norm of

    Specify some conditions under which you would suggest that foreign subsidiary conforms to local norm of the financial structure?

  • Q : Future spot exchange rate Describe

    Describe about the conditions under which forward exchange rate may be an unbiased predictor of the future spot exchange rate.

  • Q : A technically oriented software design

    Design: For this assignment you are to produce, one per group, a technically oriented software  design document. As the scope of the project is quite small and basically encompasses an extension to an existing

  • Q : Prepare adjusting journal entries The

    The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper. Cash balance per books, December 1 $ 3,700

    Q : History of Holding Period Describe the

    Describe the History of Holding Period in brief?