The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
A) Average clause
B) Minimum clause
C) Maximum clause
D) loss of profit clause
Correct Answer:
Verified
Q1: The claim lodged by the business to
Q2: The account prepared to find out the
Q4: The insurance policy is less than the
Q5: The insurance indemnifies the insured any loss
Q6: The claim lodged by the business to
Q7: When a fixed asset is destroyed ,the
Q8: When stock is destroyed the ………………….. of
Q9: Business concern often suffer …………… due to
Q10: A set of ……………… is to be
Q11: Salvage value of stock to be ………..
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