Question

Closing stock on the date of fire is Rs. 75,200 and the stock salvaged is Rs. 13,500. The Net loss is​

Answer 1

Explanation:

Calculation for the amount loss :

Closing stock on the date of fire 75,200

Less: Salvaged 13,500

Loss 61,700

The loss amounted to Rs. 61,700 is the net claim amount which is to be claimed to the insurance company of Rs. 61,700.

Loss = Rs. 61,700.