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

©TutorsGlobe All rights reserved 2022-2023.