Question

34. On 30th September, 2016 the premises of Sree Chemicals Ltd. was destroyed by
fire and from the records available with them, the following particulars were
ascertained :
₹ F
Stock on 1.4.15
1,00,000
Stock on 31.3.16
1,20,000
Durchases during 2015-16
4,78,000
Sales during 2015-16
6,00,000
Durchases from 1.4.16 to the date of fire
2,70,000
Sales from 1.4.16 to the date of fire
3,60,000
In valuing closing stock of 2015-16 8,000 were written off certain stock whose cost
was 17,200. Part of the stock was sold in 2016-1 at a profit of 400 whose cost was
5,000. The stock salvaged was 10,450. The stock was insured for 1,00,000.
From the above particulars, you are required to prepare the statement of insurance
claim to be made against the insurance company.​

Answer 1

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