Question

2. Aman runs a well-known departmental store in Delhi. He procures different kinds of products from all over the country through railways, roadways and airways. He also owns a godown to hold the stocks. He has also taken an insurance policy worth `10 crores for his business. Moreover, he has taken a loan of ` 2,00,000 from ICICI Bank in order to meet short term financial needs of his business. He has placed information about his store on the hoardings, bill boards, etc. in order to popularize them. In the context of above case: (i) What are auxiliaries to trade?

Answer 1

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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