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In this case study their mention the basis of allocations ratio wise for example total amount 5,40,000 basis of allocations 2:7 how the one lakh 20000 and 1040000 will came??? Plse explain me
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In this problem they only said, sales in the First half year is half of what they earned in second half year it means From 01-Apl-20#1 to 30-Sep-20#1( i.e.Apl, May, Jun, July, August, Sept) (.5+.5+.5+.5+.5+.5) and in second half from 01-Oct- 20#1 to 31-March-20#2 ( i.e. 1+1+1+1+1+1). But prior incorporation period is only First 4months only then we will consider .5+.5+.5+.5= 2 and Post incorporation period is next 8 months that is .5+.5+1+1+1+1+1+1=7
mani charan
Did u understand the calculation of sales ratio
Yes ..sales ratio value 2:7 friend but how the they are allocated?
Friends , chapter Insurance claim for loss of stock formulas Like ,Amount of claim / value of stock * actual loss of stock Insured value / cost of stock on the date of fire*loss of stock and amount of policy Loss of stock * sum insured / insurable amount ( total cost) Three kinds of formulas are there , how to apply this three kind of formula in the case study?? How to approcah
Thread Starter
MPR Sanjay KumarFriends , chapter Insurance claim for loss of stock formulas Like ,Amount of claim / value of stock * actual loss of stock Insured value / cost of stock on the date of fire*loss of stock and amount of policy Loss of stock * sum insured / insurable amount ( total cost) Three kinds of formulas are there , how to apply this three kind of formula in the case study?? How to approcah
Practice illustrations...you can understand easily