Glossary

Reset Glossary
trading stock

Subject: 

  • Accounting

(also called inventory or stock) all the goods or merchandise kept on hand (on the premises of a business) and ready to be sold or distributed

Related Terms: 

merchandise

Related Content

business entity concept
Subject:
Accounting

GAAP principle that means that a business entity is independent an exists as a separate entity,...

Salaries Journal
Subject:
Accounting

subsidiary journal used to record monthly salaries of employees.

retained income
Subject:
Accounting

the remaining profit of a company or close corporation, after dividends and income tax were...

seller
Subject:
Accounting

person who offers goods for sale

objectivity
Subject:
Accounting

ability to judge fairly, based on facts not feeling