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On Page 10.33, Insurance Claim for Loss of Profit
Accountancy
Illustration 8, why is gross profit divided by adjusted annual turnover and not previous financial year's turnover like we do in most cases?
Answers (3)
CA Suraj Lakhotia Admin
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
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