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Insurance claim for loss of profit policy
Accountancy
Suppose indemnity period is 6 months We need to suggest policy amt if: Turnover of previous t financial year is 450000 and standing charges in last fin yr is 90k. Net profit earned last year is 10% of turnover and same is expected in subsequent year . Inc in turnover by 25% Additional exp-31250. Can someone solve this q n send soln pls
Answers (4)
Balachandar S
Bro kindly Pls solve and put your ans... If u know the concept. If no then learn the concept and then you can do this type of question.
See i know the concept..i have a small doubt ..if indemnity period is six months,to find loss of profit due to reduction in turnover ,will u take full adjusted standard turnover or half of it
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