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ILLUSTRATION 2A fire occurred in the business premises of Mumbai Traders, Mumbai on 15-10-2015. Fromthe following particulars, ascertain the loss of stock and prepare a claim for insuranceStock an 1-1-201434,000Purchases from 1-1-2014 to 31-12-20141,22,000Sales from 1-1-2014 to 31-12-20141,80,000Stock on 31-12-201430,000Purchases from 1-1-2015 to 14-10-2015147,000Sales from 1-1-2015 to 14-10-2015150,000The stock salvaged was worth 18,000. The amount of policy was 63.000. There was anaverage cause in the policy. |
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Answer» Explanation: |
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