Good (accounting)

In accounting, a good describes a physical product capable of being to delivered to a purchaser and involves the transfer of ownership from seller to customer.

It contrasts with a service, in which no physical product is transferred, except as an incidental part of the transaction. In economics however, a service is still considered an economic good.

In the U.S. transportation industry, the term freight is used, e.g. freight car vs. goods wagon.