IndigoLearn

Forums

On Page 10.33, Insurance Claim for Loss of Profit

Illustration 8, why is gross profit divided by adjusted annual turnover and not previous financial year's turnover like we do in most cases?


Kishore Anil

Kishore Anil

CA Inter

395

15-Feb-21 21:16

27

Answers (3)

Which study material are youreferring to. Currently 10.33 has some other illustration


Suraj Lakhotia

Suraj Lakhotia

Admin

16-Feb-21 10:46

Which study material are youreferring to. Currently 10.33 has some other illustration

The Icai study material, Illustration 12 which deals with loss of profit for Buildwell Ltd. Under the heading in the solution, 2. Gross profit ratio Why is the denominator 12.7L


Kishore Anil

Kishore Anil

CA Inter

395

16-Feb-21 11:06

The total of adjusted standard turnover (given in the question)


ruchi lahoti

ruchi lahoti

Moderator

18-Feb-21 10:42

IL Pass percentages
Tally Free
Quote
Refer
EMI
Lazypay
Past_Exams