Stock of goods destroyed by Fire Rs. 10000 Stock of goods salvaged Rs. 2000, Value of insurance policy Rs. 9000. There is an average clause in the policy, Then the Amount of claim is -

Related MCQs

• Opening stock Rs. 25000, Purchases Rs. 125000, Sales Rs. 150000, Goods salvaged Rrs. 10000 and Gross Profit is 50% on cost, then the cost of the goods burnt by fire is -
• Consequential loss policy for fire insurance gives insurance againest -
• The Average Clause in a loss of profit policy prortects the -
• Fire insurance Provides cover for -
• Contract of Insurance is a contract between the trader and the insurance Company to -
• Dipti has purchased one Machine on hire purchase agreement. The cash price of machine is Rs. 90000. The amount is to be paid on agreement Rs. 30000 and balance amount is paid by three equal annula instalments of Rs. 30000 each. Find out the intrest of third year.
• If indemnity period is six months, Standard turnover Rs. 30000, Annual trunover Rs. 75000, Turnover during indemnity period Rs. 12000, then short sales will amount to -
• In case of ex-interest transaction, the amount of interest is calculated for the following period.
• Total amount payable less its cash price is equal to              -
• Under hire-purchase system the amount of interest is charged to                 Account