The storage of goods in warehouses is necessary due to following reason
A. Maintain stability in price of goods
B. Remove hindrances of risk of spoilage
C. Increase demand of goods
D. Assists trade by moving goods
Answer: Option A
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Hindrances of time are removed by which aids to trade?
A. Insurance
B. Banking
C. Warehousing
D. Packaging
Credit balance of a ledger account is denoted by
A. Excess of credit side over debit side
B. Excess of debit side over credit side
C. Equally of debit and credit
D. Any of the above
What do you mean by a mixed economy?
A. Modem and traditional industries
B. Public and private sectors
C. Foreign and domestic investments
D. Commercial and subsistence farming
Cash book is a subsidary as well as a
A. Memorandum book
B. Secondary book
C. Principal book
D. None of these
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