Insurance Claim in loss of profits
This query is : Open
Crishna Creasta
(Querist)
10 June 2017
Suppose fire occured on 01/07/2014 and indemnity period is 2 months.
while calculating GP on annual turnover,
From which date to which date will be tha annual turnover ???
CA Rashmi Gandhi
(Expert)
11 June 2017
Annual turnover will be From 01/07/2013 to 30/6/2014
Crishna Creasta
(Querist)
11 June 2017
How to calculate GP on annual Turnover ? Pz explain with reasons
Crishna Creasta
(Querist)
11 June 2017
Actually I am getting confused in Increasing Trend. Will we add add increasing trend in Annual Turnover or only that part of turnover which is of previoud year????
CA Rashmi Gandhi
(Expert)
11 June 2017
Trend is added if given in ques or past years sales show equal increase %
Crishna Creasta
(Querist)
11 June 2017
Thank u Mam.
means if there is equal increasing trend , then we add trend on Annual Turnover and finally calculate GP??
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CA Rashmi Gandhi
(Expert)
11 June 2017
Yes you are correct.
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