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Insurance claim PROBLEM 10

Respective sir. In problem 10 they have given annual turnover of rs 240000 and increase trend of 10% in turnover.. but in finding additional allowable expenses , we didn't use this adjusted annual turnover and Gp.. and we used rs 50000 as Gp,why we didn't use adjusted annual turnover, sir kindly clarify my doubt....

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shanu

shanu

CA Inter

50

02-Mar-21 17:27

19

Answers (4)

Please read the note given in the question at the beginning of the video


ruchi lahoti

ruchi lahoti

Moderator

03-Mar-21 08:51

Please read the note given in the question at the beginning of the video

Ok friend, i read the question and viewed the video again, in that they have given a note to consider gross profit on last financial year instead of adjusted annual turnover.. my doubt was clarified .. thank you for your timely reply...


shanu

shanu

CA Inter

50

03-Mar-21 09:55

This is my solution.

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Madhaan S

Madhaan S

CA Inter

9K+

03-Mar-21 11:12