AKSHIT MALHOTRA (C.A Final Student) (1337 Points)
24 April 2012
IN CHAPTER INSURANCE CLAIM OF IPCC GROUP 1(STUDY MATERIAL) CAN THERE BE SAVINGS IN UNINSURED STANDING CHARGES.
IF YES WHAT WILL BE IT'S TREATMENT.
IF NO WHY ?
THANKS A LOT.
Jairam J
(CA, B.COM(Hons.))
(382 Points)
Replied 24 April 2012
Ignore it completely...It wont be taken for any calculation...as far as insurance co is concerned they only compensate to the extent of insured portion of items...So a company should only reduce the savings from insured standing charges from loss of profit to arrive at claim amount
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