Science Fair Project Encyclopedia
Good (accounting)
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
Last updated: 05-26-2005 16:09:21
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details