10. A fire occurred in the business premises of Thiru. Ponnusamy on 15.10.2017. From the
following particulars ascertain the loss of stock and prepare a claim for insurance.
Particulars
Stock on 1.1.2016
Purchases during 2016
Sales during 2016
Stock as on 31.12.2016
Purchases from 1.1.2017 to 14.10.2017
Sales from 1.1.2017 to 14.10.2017
Rs.
30,600
1,22,000
1,80,000
27,000
1,47,000
1,50.000
The stocks were always valued at 90% of cost. The stock saved from fire was
worth Rs. 18.000
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