Transtutors's definitions

inventory

The goods and materials that a business holds for the ultimate purpose of resale

I have inventory of 1000 mobiles in my factory for sale to the distributors

by Transtutors June 7, 2013

Intangible Asset

Intangible asset are those assets of the company which cannot be touched like goodwill, patents, trade marks.

When company A acquires Company B, then amount of money A pays over actual values of B comes under goodwill which is intangible asset.

by Transtutors June 27, 2013