Question

4. Closing Stock on the date of 1 point
the fire accident is Rs.
50,000/- and the stock
salvaged is Rs. 23,000/-. What
is the claim amount? *​

Answer 1

Answer:

27,000

Explanation:

since fire accident is of 50,000 and salvaged amt is 23,000

so claimed amt is 50,000-23,000=27,000

hope its clear to u

have a nice day

Answer 2

Answer:

Claim Amount to be received = 50000

Explanation:

Given:

1. Closing stock as in fire accident = 50000
2. Stock salvage value = 23000

As per the insurance company rules, the claim amount is calculated for the entire loss of stock.

In the given situation, salvage value is the value left after determining the whole insurance amount for 50000 on a total loss basis.

Once the claim is disbursed the salvage value becomes the property of the insurance company.