chapter of intermediate insurance claim for loss of stock and loss of profit...
in this chapter for climbing the loss of stock various kinds of formula is there which means average class and without average class
could you please tell me where I should have to appropriate to apply the average class formula and without average class formula because I am confusing?? could you plse tell me
Menu
Integrated professional competency course new
Replies (1)
-
Apply Average Clause: If Policy Value < Stock on Date of Fire (Under-insurance). Use the proportion formula.
-
Without Average Clause: If {Policy Value} greater then equal to {Stock on Date of Fire} (Full/Over-insurance). The claim is simply the actual loss incurred.
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
