Accountancy, asked by gaurav16102002, 1 year ago

what is meant by goods in accounts

Answers

Answered by sujiritha95
4
Good its a tangible item (article, commodity, material, merchandise, supply, wares) produced from agricultural, construction, manufacturing, or mining activities.

 According to the UN Convention On Contract For The International Sale Of Goods, the term 'good' does not include (1) items bought for personal use, (2) items bought at an auction or foreclosure sale, (3) aircraft or oceangoing vessels.


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Answered by attractiveadars
4
The physical material which is going to be sale or will be sale in future called goods.
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