It is ………………………….. to ascertain the value of stock as on the date of fire

Related MCQs

• Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire
• At the time of calculating insurance claim , the average clause is ………………. If the value of stock at the date of fire was more than the policy value.
• The account prepared to find out the stock as on the date of fire is known as ……………………………… trading accounts.
• …………………….. is prepared to find out the stock as on the date of fire
• The account prepared to find out the stock as on the date of fire …..
• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• Salvage value of stock to be ……….. from book value of stock
• When a fixed asset is destroyed ,the loss of such asset on the date of fire can be ascertained from
• To ascertain profit in life insurance business ………………. Prepared.
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..