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Insurance claims (Calculation of Gp ratio)

Sir in qn no 6 and 7 of insurance claims chapter while computing gross profit ratio.. we have taken Net profit + Insured Standing Charges/ Turnover for last financial year. But in qn no 8 we are taking Adjusted annual turnover for last financial year instead of simply turnover. Please clarify this doubt sir.. Regards Akshay Raghavan


Akshay Raghavan

Akshay Raghavan

CA Inter

240

15-Sep-20 02:02

105

Answers (4)

Are you referring to ICAI illustration number or our notes illustration number?


Suraj Lakhotia

Suraj Lakhotia

Admin

16-Sep-20 06:50

Our notes sir.


Thread Starter

Akshay Raghavan

Akshay Raghavan

CA Inter

240

16-Sep-20 10:08

In that question, the following sentence is to be noted. The pre-damaged figures together with agreed adjustments were:


Suraj Lakhotia

Suraj Lakhotia

Admin

18-Sep-20 12:43

Ok sir understood. Thanks sir.


Thread Starter

Akshay Raghavan

Akshay Raghavan

CA Inter

240

18-Sep-20 12:45

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