Pls. help me

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Nishant Longani

N/A

30 Points Posted on 20 May 2009

Hi! Please anyone guide me as to how to apply "average clause" for the "loss of stock" in the following question:-

A fire occurred in the business premises of M/s Aggarwal & Sons on 15th October, 2008. From the following particulars ascertain the loss of stock and prepare a claim for insurance:-

Stock(1-01-2007) ------------------------------------------------------- Rs.45900

Purchase(from 1-01-2007 to 31-12-2007) -----------------------Rs.183000

Sales(from 1-01-2007 to 31-12-2007)-----------------------------Rs.270000

Stock(31-12-2007)-------------------------------------------------------Rs.40500

Purchase(from 1-01-2008 to 14-10-2008)------------------------Rs.220500

Sales(from 1-01-2008 to 14-10-2008)-----------------------------Rs.225000

The stocks were always valued at 90% of cost. The stock saved from fire was Rs.27000. The amount of policy was Rs.94500. There was an 'average clause' in the polilcy.

Replies (2)

Guest

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Thanks

Teachwell Institute Team

Nishant Longani

N/A

30 Points Posted on 21 May 2009

Originally posted by :rajeev
"	Hi we are Teachwell Institute in delhi.We will answer ur question Rs 100 only and give u the type of question that can cum in exam .We will mail u the answer .Contact rajeev sir 9311101212 or mail to shrutidhuria @ yahoo.co.in . pls mention ur contact number in the mail. Thanks Teachwell Institute Team	"

Sorry Sir! I do not think that you deserve Rs.100 for answering this one. Morever, how can you send me the type of questions that can come in exam without knowing as to which exam I am preparing for. This is a interactive platform for students or mentors to voluntarily help each other and you seem to be leaving no stone unturned in making business out of anything. You only offer disappointment to me. Anyways! thanks for the offer but NO THANKS!!!