insurance claim - loss on profit policy

Accountancy

sir under loss on profit policy , on the topic of turnover ( GROSS PRIFIT RATIO ) - if the accident happen on year end ( 31.3.2022 ) then which year turnover should be consider as financial year turnover a.) 1.4.2020 to 31.3.2021 (OR) b.) 1.4.2021 to 31.3.2022

WhatsApp Image 2022-11-10 at 12.46.40 AM.jpeg

akhil shihab

CMA Inter

★ 25

10-Nov-22 00:51

403

Answers (2)

Best Answer

Previous year. Year ending 31.03.2021.

CA Suraj Lakhotia

Admin

10-Nov-22 17:25

I guess 31-3-2021

Radhika Bajaj

CA Inter

★ 3K+

10-Nov-22 09:11