Homework Answers
Answer: Goods held for sale away from the place of business
Explanations:
Inventory: Goods held for sale. It means goods available for sale are the inventories.
i. General Office supplies:
General office supplies are not the inventory. It is used for office purposes like Stationary etc.
ii. Goods sold for which title has passed to the buyer:
These are the goods in transit
iii. Goods consigned to the client.:
These goods are called client goods
iv. Goods held for sale away from the place of business:
It means goods available for sale. So that these are the inventories
Hence, The answer is 'Goods held for sale away from the place of business.
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