Question
An insured house valued at ₹40 lakh is insured for ₹20 lakh. A fire causes ₹10 lakh damage. What will be the claim amount under the average clause?
More Accounts Questions
- Match the following columns regarding the posting of Profit and Loss Account items.
- A trader has current assets of ₹6,00,000, including ₹80,000 cash, ₹1,20,000 accounts receivable, ₹3,00,000 inventory, and ₹1,00,000 marketable securities. ...
- If a company decides to relax its credit policy in order to increase sales, which of the following outcomes is a potential negative financial consequence?
- A manufacturing company sells a product for ₹500 per unit. The variable cost per unit is ₹300, and the fixed costs are ₹12,00,000 annually. Management want...
- Which of the following is NOT a direct party to a Letter of Credit (LC)?
- Which Ind AS deals with Revenue from Contracts with Customers?
- How many indicators are included in the updated Panchayat Advancement Index (PAI) 2.0 framework?
- An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and the ...
- A company limited by shares may issue equity shares with differential rights by passing a/an _____ at a general meeting, provided that the voting power of ...
- Net Profit = ₹12,00,000; No. of shares = 6,00,000; 12% preference dividend = ₹1,20,000. Compute Basic EPS.
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt