Rahul runs a well known shoe store in Delhi. He procures shoes from different designer and sells them to dealers all over the country. He also owns a godown to hold the surplus stock. Due to sudden increase in demand and to maintain stock for peak period, he took a loan of Rs. 5,00,000 from HDFC bank. He has also taken an insurance policy worth Rs.50 lakh for his business. Identify the ‘Auxiliaries of Trade’ being used by Rahul by quoting lines from the given case.
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Answer:
warehousing
banking
insurance
transporting
Explanation:
he owns a godown for his surplus stock
he took a lown of 5,00,000 from bank
he also took a insurance of his buisness
he sells his products all over the world
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