Goods
Trending Questions
Is Machinery Always a Final Good?
- Goods
- Assets
- Capital
- Cash
Mr. Ram has a business of manufacturing steel utensils. Which of the following is not considered as goods for his business?
Machinery used for manufacturing
Steel scrap purchased for manufacturing
Steel utensils in stock as on last day
Both A and B
Which of the following is incorrect with regard to goods?
These are held primarily for the purpose of resale
These are the things that businesses mainly deal in
Unsold goods are the assets of the company
Only the items purchased in cash are referred to as goods
Mr. A has a Furniture shop. Which of the following is considered as goods of his shop?
A table purchased for resale to a customer
A table purchased for use in his shop
A table purchased for his house
A table purchased to gift to his sister on her birthday
Mr. Vijay has a business of selling of wheat, grains & pulses. Which of the following are goods for this business?
A chair purchased for his shop
Pulses purchased by him from a supplier to be sold in his shop
A Dining table purchased for his home
Pulses purchased by his wife for house hold consumption