Claim for loss of profit

Accountancy

Entity following calendar year. trend adjusting FY basis why? Anyone please (insurance claims) in respect of short sales calculations we adding trend on standard sales(corresponding PY sale)

Krishna kumar

CA Final

★ 9K+

26-May-21 19:32

477

Answers (3)

So as to know short sales...... considering the previous year turnover we are "ESTIMATING" the current year turnover by adding trend increase (if any) to the previous year turnover.

srinidhi srinivas

CMA Final

★ 8K+

26-May-21 19:37

Trend has to be appplied to the annual turnover and standard turnover, irrespective of which year an entity follows

Sahibdeep Singh

CA Inter

★ 14K+

27-May-21 11:20

Sahibdeep Singh

Trend has to be appplied to the annual turnover and standard turnover, irrespective of which year an entity follows

Thank you sirð?¤?

Thread Starter

Krishna kumar

CA Final

★ 9K+

27-May-21 11:27