Question

Calculate Stock in the beginning:
Sales – ₹ 80,000
Purchases – ₹ 60,000
Stock at the end – ₹ 8,000
Loss on Cost –

Answer 1

Answer:

Loss cost, also known as pure premium or pure cost, is the amount of money an insurer must pay to cover claims, including the costs to administer and investigate such claims. Loss cost, along with other factors, is used to calculate premiums.