WorksheetsCA Inter Accounting C-1 Fire Insurance Claim
Total questions: 15
Worksheet time: 8mins
In Q.1 of test what is the Gross profit ratio for year 20X1 – X2
3.0 %
0.30 %
30 %
None of these
For ascertaining cost of stock as on date of fire, we prepare
Memorandum Revaluation Account
Memorandum Adjusted Profit and loss Account
Memorandum Reconciliation account
Memorandum Trading Account
In Q.1 of the test for which period will you prepare Memorandum Trading Account to ascertain stock as on date of fire?
1st April 20X1 to 29th August 20X2
1st April 20X2 to 29th August 20X1
1st April 20X2 to 29th August 20X2
None of these
In Q.1 of test what is the amount of net purchases debited to Memorandum Trading A/c ?
Rs.32,67,700
32.76,700
32,77,600
None of these
In Q 1 of the test what is the amount of Gross profit os Memorandum Trading Account ?
13,06,800
13,60,080
13,60,800
None of these
In Q 1 of the test what is the value of Stock on date of fire ascertained through Memorandum Trading Account ?
828600
882600
882060
None of these
In Q.1 of the test what is the value of Insurance Claim ?
779300
777930
779030
None of these
In Q.1 of the test whether average clause is applicable ?
Yes
No
Not Understood
Question is Wrong
In Q.2 of the test what is Gross Profit Ratio?
20 %
18 %
16 %
22 %
In Q.2 of the test what is Adjusted Standard Turnover ?
7,50,000
2,25,000
2,47,500
8,25,000
In Q.2 of the test what is Short Turnover ?
5,77,500
22,500
6,00,000
5,25,000
In Q.2 of the test What is Gross Profit on Short Turnover ?
1,20,000
1,50,000
1,05,000
4,500
In Q.2 of the test What is amount of claim for additional expenses ?
40,000
20,000
45,000
38,413
In Q.2 of the test what is amount of loss ?
1,20,000
1,40,000
1,25,000
93,750
In Q.2 of the test what is amount of claim ?
93,750
1,20,000
1,40,000
1,25,000
