WebDefine goods. goods synonyms, goods pronunciation, goods translation, English dictionary definition of goods. adj. bet·ter , best 1. Being positive or desirable in nature; … WebAt the start of the year, ABC Co. sends goods valued at $100,000 to XYZ Co. Subsequently, at the end of the year, XYZ Co. returns $20,000 worth of goods to ABC Co. For the $80,000 goods sold, XYZ Co. gives ABC Co. $120,000 sale proceeds collected from its customers through a bank transfer.
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