Fire Insurance Claim – Loss of Stock – Complete Course

Description

 Fire Insurance Claim – Loss of Stock – Complete Course

Learn how to find claim amounts for loss of stock by the fire with our fire insurance claim course.

Every company keeps sufficient stock as per the needs and volume of sales for the smooth functioning of the business. But at the same time, there is a risk of damage to the stock of which one of the reasons could be fire. So, the companies take a fire insurance policy to safeguard the business from any unforeseen circumstantial loss.

We prepare Memorandum Trading Account to find out stock on the date of fire at the place of fire. From this stock amount, we deduct salvage and balance is the actual loss suffered by the company for which the company files the claim to the insurance company.

So here, we are going to study how to find out the claim amount for loss of stock by fire.

What will you learn?

Concept of the fire insurance claim for loss of stock

Preparation of past years’ Trading Account

Finding out Gross Profit Ratio

Preparation of Memorandum Trading Account to find out stock on the date of the fire

Finding out missing figures in case accounting records are also damaged

Treatment of abnormal goods and abnormal sales

Various adjustments in stock, purchases and sales figures

Calculation of actual loss suffered

Finding out claim amount in case of goods fully insured or partially insured

Application of Average Clause in case of underinsurance

This accounting course consists of simple and logical explanatory videos on all the topics of Fire Insurance Claim for loss of stock along with various problems solving sessions which covers all the different varieties of concepts and adjustments.

Who can take this course?

This course is beneficial to all the students or professionals or anyone who wants to have in-depth knowledge of the Fire Insurance Claim topic with the help of explanatory and problem-solving videos.

Benefits of taking this course

On completion of this course, your knowledge of Fire Insurance Claim will be stronger. This course will make the calculation of claim amount for loss of stock in case of fire very easy and interesting with deeper knowledge on the entire topic.

Explanatory videos ensure complete concept understanding.

Problem-solving sessions help in applying your knowledge to solve various problems.

In short, it is an interesting and complete course on Fire Insurance Claim fulfilling all the needs.



Requirements

No prior knowledge or experience is essential.

Anyone who wants to learn or to know the basics can enroll for this course


If You Have Any Queries you can Call / Whatsapp Us on  +917506363600 Or Mail us on Info@letstute.co.in

So hurry up and enroll now!

Read more

Lessons

  • lessons
  • 1 hr 10mins
  • Calculation of claim
  • Calculation of Stock on date of fire
  • Fire Insurance Quiz 1
  • Fire Insurance Quiz 2
  • Fire Insurance Claim 1 New
  • Fire Insurance Claim 2 New
  • Problem Solving - 1
  • Problem Solving - 2
  • Problem Solving -3
  • Problem Solving -4

Reviews

0
Based on 0 reviews
5 stars
4 stars
3 stars
2 stars
1 stars