Which of the following is an advantage of a Chain Store?

Economies of Scale

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No Middleman

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No bad debts

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All of the above

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Solution

The correct option is D
All of the above

The biggest advantage of chain stores is - no bad debts, no middlemen and no economies of scale

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Similar questions

A. Bad Debts A/c To Consignment Debtors A/c	Dr.
B. Bad Debts A/c To Profit & Loss A/c	Dr.
C. Bad Debts A/c To Consignee A/c	Dr.
D. No entry is required to be passed

A firm has not recorded the bad debts by mistake. Which of the following is the effect of bad debts omission?

The following information is extracted from the Trial Balance of M/s Nisha Traders on 31 March 2017.

Additional Information

Bad Debts Rs 500

Provision is to be maintained at 2% of Debtors

Prepare bad debts account, Provision for bad debts account and profit and loss account.

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