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identify the different auxiliaries to trade …

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identify the different auxiliaries to trade are being used by Harshit in his business by quoting line from the paragraph

    • Posted by Abhi Kumar 3 years, 10 months ago

    CBSE > Class 11 > Business Studies
    • 1 answers

    Yogita Ingle 3 years, 10 months ago

    Harshit runs a well-known departmental Store in Delhi . He procures different kinds of products from all over the country through railway, road ways ,and Airways. He also own a go down to hold the stock . He has also taken an insurance policy worth rupees 10 crore for his business moreover he has taken a loan of rupees 200000 from ICICI Bank in order to meet short-term financial need of his business. He has placed information about his store on the hoarding billboards etc in order to popularize them. In context of the above case:

    a) what are auxiliaries to trade?
    b) Identify the different auxiliaries to trade that are being used by Harshit in his business by quoting lines from the paragraph.​

    Answer:

    Auxiliaries to trade are the activities which gives support for trading. From the above paragraph godowns which he hold for storing his goods and transportation like railways, roadways are auxiliaries to trade.

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