Question No. 07
A fire occurred on 19 October, 2018 in the premises of X Ltd. From the following figures, calculate the amount
of claim to be lodged with the insurance company for loss of stock:
Stock at cost on 1st January, 2017
90,000
Stock at cost on 1st January, 2018
70,000
Purchases during 2017
4,00,000
Purchases from 1st January, 2018 to 30 Sept., 2018
6,60,000
Sales during 2017
6,00,000
Sales from 15 January, 2018 to 30th Sept, 2018
8,80,000
You are informed that: -
(a) In 2018the cost of purchases have risen by 20% above the levels prevailing in 2017.
(b) In 2018the selling prices have gone up by 10% over the levels prevailing in 2017.
(C) Salvage Value is 5,000.
Answers
Answered by
0
Answer:
Colonel Prasad Bansod
Asmi, which means "pride, self respect and hard work", was first showcased in January 2021, and developed over the course of four months by Lieutenant Colonel Prasad Bansod.
Similar questions