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The things of value possessed by the trader is called
Merchandise
Assets
Stock
Purchases
In financial accounting, an asset is any resource owned by the business. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset.
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Dnyaneshwar Darade
Why not merchandiesd ,because it is for resale
Value possessed in the business is assets while merchandise is way of earning.
SUSHIL KUMAR
Explanation is good but i was unable to understand what is asked
valuable thing means what a trader can sell you. Its the goods purchased by him and made marketable for sale
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