Insurance Claim

Actually in increase cost ,No concept of Grossprofit .

Aakash Darling

CA Inter

★ 15K+

20-Jan-23 10:11

Can you please give the question

Sudha Reddy

CA Final

★ 20K+

20-Jan-23 10:12

Can you explain me breifly

Thread Starter

Snehashis Mohanty

CA Inter

★ 35

20-Jan-23 10:12

Illustration 7 of Insurance Claim (Loss of profit)

Thread Starter

Snehashis Mohanty

CA Inter

★ 35

20-Jan-23 10:14

In additional cost in which place u got GP computation ?

Aakash Darling

CA Inter

★ 15K+

20-Jan-23 10:17

The thing is while explaining the increase cost concept in their videos you can see they have explained the formula Additional Expenses*NP+ISC/NP+ISC+UISC.

Thread Starter

Snehashis Mohanty

CA Inter

★ 35

20-Jan-23 10:21

That's not GP ...

Aakash Darling

CA Inter

★ 15K+

20-Jan-23 10:26

You can see this example

Thread Starter

Snehashis Mohanty

CA Inter

★ 35

20-Jan-23 13:14

Yeah that is for calculation of gross profit. Gross profit on annual turnover means percentage of gross profit calculated. By NP+ ISC how will you compare that with annual turnover. So we consider GP rate

Sugam SM

CA Final

★ 9K+

20-Jan-23 14:50