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\nCalculating Fire Insurance Claim: Adjustments for Abnormal Goods\n

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\nIn this video, the teacher explains how to calculate the amount of fire insurance claim for a company whose premises were destroyed in a fire. The teacher walks through the process of preparing a trading account, adjusting for abnormal...\nIn this video, the teacher explains how to calculate the amount of fire insurance claim for a company whose premises were destroyed in a fire. The teacher walks through the process of preparing a trading account, adjusting for abnormal goods, and applying the average clause for underinsurance. The video provides a step-by-step guide to help viewers understand the calculations involved in determining the claim amount.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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20:07
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Grade
9th - Higher Ed
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Subjects
Career & Technical Education
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Media Type
Instructional Videos
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Source:
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\nLet's Tute\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Tags

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fire insurance claim problem solving, additional information, memorandum tarding, solution, goods on approval, godown keeper, average clause, gp ratio, gdp ratio, carriage outward, trading account, add back, added back, selling price, balancing figure, gross profit, current year, unrecorded purchase, uniform rate, normal items, abnormal items, net sales, 9000a portion, opening stock, previous year, abnormal sales, original cost, normal goods, closing stock, abnormal goods, purchases account, insurance policy, stock salvage, abnormal, year
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Calculating Fire Insurance Claim: Adjustments for Abnormal Goods\" href=\"/subscription/new\">\"Calculating\n\n
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