Good (accounting) - Gardening

Gardening Encyclopedia
 
 

Good (accounting)

(Redirected from Goods)

In accounting, a good describes a physical product capable of being delivered to a purchaser and involves the transfer of ownership from seller to customer.

Dangerous goods must be labeled by specific signs.

It contrasts with a service, in which no physical product is transferred, except as an incidental part of the transaction. In economics however, a service is still considered an economic good.

In the U.S. transportation industry, the term freight is used, e.g. freight car vs. goods wagon.

See also

08-19-2006 11:17:08

The contents of this article are licensed from Wikipedia.org under the
GNU Free Documentation License. How to view transparent copy
Home Legal Information