Question

what is the role of small buisness in india​

Answer 1

The role of small business in India are as follows:

1. Major portion in industrial units : About 95% of the industrial units in the country consists of smalby these industries. 45% of the total exports (direct and indirect) from India are contributed by them.

2. Low cost of production : The cost of production in these industries is very low. Because of low overhead expenses, both -establishment and running costs are low.

3. Quick decisions : Small size of the organisations enables the business firms to take quick and timely decisions and to capture new business opportunities at the right time.

HOPE MY ANSWER HELPS YOU....☺

IF IT HELPED THEN PLEASE MARK IT AS BRAINLIEST....✌⚡

Answer 2

hey mate here is your answer ✍

➡️Any debt receivable by an organisation may be categirised as bad or doubtful of recovery in case it is not paid on due date and even after passing of a suffiecient longer time after due date. On considering a debt as bad or doubtful of recovery, management may take a decision on maintaining a provision for bad debt in the books if acciunt keeping in view the realisability in the account in the view of management or Auditor. However despite categorising as bad, all efforts and steps are continued to be taken for recovery of the amount and subsequent recovery in the account where that debt is considered bad and provision has also been made, the recovery effected will be called recovery in bad debt account. In case account is written off in the account making 100% provision, when it is consideted to be loss account or no possibility of recovery is anticipated, subsequent recovery if effected will be called recovery in written off account.

hope this helps you out✌