Accounting Solutions

All goods are Purchases but all purchases are not Goods...!!!

What is Stock or Inventory or Stock-in-trade?
"Unsold goods in the business ready for sale is known as stock...!!!"

What are Goods or Merchandises?
"Anything which is purchased or manufactured for selling purpose is called goods or merchandises...!!!"

What is Accounting?
"A process of recording, classifying, summarizing and interpreting the business transactions is called accounting...!!!"

What is Accounting?
"Accounting is a business language which deals with recording, classifying, summarizing and interpreting financial transactions of a business...!!!"