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What is goods?

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What is goods?

Posted by Suhaima Ansari 5 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Diya Goyal 5 years, 3 months ago

A good is a physical product which can be delivered to a buyer and involves the ownership from the seller to the customer. For example mobile phone, book, etc. Good are physical object and are tangible.

Pragya Gupta 5 years, 3 months ago

In business :- goods are the items which business entity sell /produce or buy as a raw material

Tabassum Khan 5 years, 3 months ago

In economic goods are item that satisfy human wants and provide utility.

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