Question

the date
Fire Insurance Claims
3. A fire occurred on September 30, 2001 in the godown of Mr. Anand. F
following figures ascertain the claim to be lodged :
Rs.
Stock on January 1, 2001
17,000
Purchases from January 1, 2001 to date of fire
1,70,000
Wages and other manufacturing expenses
17,000
Sales from January 1, 2001 to date of fire
2,00,000
The rate of gross profit is 25% on cost. The stock salvaged was valued at Rs.
(Madras, B.Com. (PZA) AP 2003
AP 2004; B.Com. (ICE) May
(Ans : Stock on the date of fire Rs. 44,000; Amount of Claim : Rs. 40
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Answer 1

Answer:

400,000,000,000,000, this is the Answer

Answer 2

Answer:

A fire occurred on September 30, 2001 in the godown of Mr. Anand. F

following figures ascertain the claim to be lodged :

Rs.

Stock on January 1, 2001

17,000

Purchases from January 1, 2001 to date of fire

1,70,000

Wages and other manufacturing expenses

17,000

Sales from January 1, 2001 to date of fire

2,00,000

The rate of gross profit is 25% on cost. The stock salvaged was valued at Rs.

(Madras, B.Com. (PZA) AP 2003

AP 2004; B.Com. (ICE) May

(Ans : Stock on the date of fire Rs. 44,000; Amount of Claim : Rs. 40

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