Question

ILLUSTRATION 2
A fire occurred in the business premises of Mumbai Traders, Mumbai on 15-10-2015. From
the following particulars, ascertain the loss of stock and prepare a claim for insurance
Stock an 1-1-2014
34,000
Purchases from 1-1-2014 to 31-12-2014
1,22,000
Sales from 1-1-2014 to 31-12-2014
1,80,000
Stock on 31-12-2014
30,000
Purchases from 1-1-2015 to 14-10-2015
147,000
Sales from 1-1-2015 to 14-10-2015
150,000
The stock salvaged was worth 18,000. The amount of policy was 63.000. There was an
average cause in the policy.​

Answer 1

Explanation:

Answer:

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Explanation:

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