Business concern often suffer …………… due to different reasons .such as fire, theft, flood, strike, etc

Related MCQs

• Fire insurance, marine insurance etc come under ………………………
• When a fixed asset is destroyed ,the loss of such asset on the date of fire can be ascertained from
• Assets which does not carry more than normal risk attach to business and no provision in required to be made against such assets are called
• 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 …..
• Fire insurance policies contain an “………….” to discharge under insurance
• Fire insurance policies contain an “average clause” to discourage ……………………………..
• Net claim on under insurance is equal to Loss of stock x value of stock On the date of fire