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

20👍 5👎

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.