When a fixed asset is destroyed ,the loss of such asset on the date of fire can be ascertained from

Related MCQs

• Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire
• When stock is destroyed the ………………….. of loss is difficult
• The account prepared to find out the stock as on the date of fire is known as ……………………………… trading accounts.
• It is ………………………….. to ascertain the value of stock as on the date of fire
• …………………….. 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 …..
• 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.
• Business concern often suffer …………… due to different reasons .such as fire, theft, flood, strike, etc
• Fire insurance, marine insurance etc come under ………………………
• Fire insurance policies contain an “………….” to discharge under insurance