Insurance claims

I hope it helps you.... You have just see the steps..... You have practice more and more sums with regards to fire insurance.... You can get surely 10 marks in the final exam... :):):)

Balachandar S

CA Inter

★ 59K+

02-Sep-22 16:01

What is the doubt?

CA Suraj Lakhotia

Admin

02-Sep-22 15:53

I tried sir and I don't know what's next

Thread Starter

Dhakshana Dhakshana

CFA L2

★ 18K+

02-Sep-22 15:58

pg 01

Balachandar S

CA Inter

★ 59K+

02-Sep-22 16:00

Bro explain step 2 I didn't get it

Thread Starter

Dhakshana Dhakshana

CFA L2

★ 18K+

02-Sep-22 16:01

Have it.ð???

Katraj reddy Gudla

CA Final

★ 3K+

02-Sep-22 16:02

In step 2 Closing stock is 87,700 And in question paper they have given as saved from fire some values of goods that would be considered as an salvage value..... Then Actual losss formula = closing stock - salvage value Which is nothing but 87,700- 21,700 =66,000 Now it's clea do well. :):):)

Balachandar S

CA Inter

★ 59K+

02-Sep-22 16:04

Pls let us know once you understood. :)

Balachandar S

CA Inter

★ 59K+

02-Sep-22 16:06

Got you bro

Thread Starter

Dhakshana Dhakshana

CFA L2

★ 18K+

02-Sep-22 16:15