The computation of loss by fire is very simple taken when a -------------- asset is destroyed

Related MCQs

• If value of stock on date of fire is 429000, salvage is 1570000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 1500000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 10000 then stock destroyed by fire will ………………
• A policy of fire insurance is intended to protect the assured against the loss caused by fire.
• A fire policy covers loss of or damaged to insured property.
• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
• As per As- 28 impairment of asset means decrease in the value of asset.
• Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.