I want to know the treatment of fire fighting expense in case of loss of profit policy claim computation..... Kindly post the answer
I want to know the treatment of fire fighting expense in case of loss of profit policy claim computation..... Kindly post the answer
Fire fighting expense should be added to total loss.
You may refer to :
You also do an alternative treatment of leaving out the firefighting expense. then actual loss shall be Rs 4,70,000
and claim would be Rs 3,50,000/ 5,00,000 *4,70,000
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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