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Answer in One Sentence: What is meant by Goods? - Book Keeping and Accountancy

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प्रश्न

Answer in One Sentence:

What is meant by Goods?

एक पंक्ति में उत्तर

उत्तर

The term Goods refers to merchandise, commodities, articles, or things in which a trader trades.

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Basic Accounting Terminologies
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अध्याय 1: Introduction to Book - Keeping and Accountancy - EXERCISE [पृष्ठ १६]

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बालभारती Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
अध्याय 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 1. 2) | पृष्ठ १६

संबंधित प्रश्न

Answer in One Sentence:

What is Drawings?


Answer in One Sentence:

What is Goodwill?


Give the word term or phrase which can substitute the following statement:

A person to whom amount is payable.


Give the word term or phrase which can substitute the following statement:

Exchange between two persons.


Give the word term or phrase which can substitute the following statement:

Excess of expenses over income.


Give the word term or phrase which can substitute the following statement:

Allowance is given on catalogue price of goods


Select the most appropriate alternative from the given below and rewrite the statement.

Amount which is not recoverable from customer is known as ______________.


Select the most appropriate alternative from the given below and rewrite the statement.

An act of exchange of things or services between the two parties is termed as______.


State whether the following statement is true or false with reasons:

Solvent person is a person whose assets are more than his liabilities.


State whether the following statement is true or false with reasons:

A transaction is concerned with money or money’s worth


Do you agree or disagree with the following statements :

In Book-keeping and Accountancy, only non-monetary transactions are recorded.


Complete the following sentence:

Revenue arising as a result of business transactions is known as ____________


Complete the following sentence:

An expenditure which is basically revenue in nature but benefit of which is not exhausted within one year is called as ____________


Complete the following sentence:

The amount deducted by the seller from the list price of goods at the time of sale is ____________


Complete the following sentence:

A person to whom business owes money for the goods or services is known as ____________


Answer in one sentence:

What is meant by Goods?


What is meant by Goods?


What is meant by Goods?


Answer in One Sentence:

What is meant by Goods?


Answer in one sentence.

What is meant by Goods?


Answer in One Sentence:

What is meant by Goods?


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