Question

What is the name of the merchant's goods held for sale?

Option 1: Accounts receivable
Option 2: Inventory
Option 3: Accounts payable
Option 4: Capital assets

Answer 1

The name of the merchant's goods held for sale is inventory.

Step-by-step explanation:

The correct answer is Option 2: Inventory.

Inventory refers to the goods or products held by a merchant for sale. It includes items that are in stock and available for customers to purchase.

For example, a clothing store will have inventory that consists of clothes, shoes, and accessories that they plan to sell to customers.