Hw. A fire occurred in the business premises of M/s. Unlucky Ltd. on 15th October, 2022. From the following particulars, ascertain the loss of stock and prepare a claim for insurance : Stock as on 1.1.2021 Purchases from 1.1.2021 to 31.12.2021 Sales from 1.1.2021 to 31.12.2021 Stock as on 31.12.2021 (³) 61,200 2,44,000 3,60,000 54,000 2,94,000 3,00,000 Purchases from 1.1.2022 to 14.10.2022 Sales from 1.1.2022 to 14.10.2022 The stock was always valued at 90 percent of cost. The ock saved from fire was worth 18,000. The amount of policy was 63,000. There was average clause in the policy. Fire fighting expenses 3,000 was paid on the day of the fire. [Ans.: Gross Profit 30%, Loss of stock 1,44,000; Amount of claim 55 1251
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