Introduction of Insurance Claim: Q1- Loss of Stock/ BOOK-S.M.SHUKLA/ Lucknow University
Автор: AIMES COMMERCE CLASSES
Загружено: 2023-01-23
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Описание:
This video is helpful for a student’s class B.COM-1, chapter Insurance Claim: Introduction of calculation of Loss of Stock due to fire
Q1. Fire occurred in the factory of Mr. A on 15th July, 2013:
Purchases from 1.1.2013 to 15.7.2013 Rs. 2,00,000
Stock on 1.1.2013Rs. 80,000
Manufacturing Expenses Rs. 10,000
Sales from 1.1.2013 to 15.7.2013 Rs.3,00,000
Gross profit rate 10%
Wages Rs. 40,000
Value of Stock salvaged Rs. 10,000
From the above information find out the amount of claim for loss of stock.
Ans. Claim 50,000.
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