Personal Use

Consumer Goods
Consumer goods are items purchased by individuals for personal or household use, as opposed to capital goods, which are used to produce other goods. These goods are essential for daily life and can be classified into durable, non-durable, and services.
Consumer Products
Consumer products are tangible personal properties that are typically used for personal, family, or household purposes.
Software License
A software license is an agreement between a software publisher and the end user, outlining the terms under which the software can be used.
Vacation Home
A vacation home is a dwelling that owners use occasionally for recreational or resort purposes. It may be rented to others for part of the year and the income tax deductions depend on the frequency of owner use.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.