Types of risks : 1. Loss of stock 2. Loss of fixed tangible assets 3. Loss of profit Liabilities of insurer: 1. Policy amount 2. Loss amt Whichever is less Method of calculating insurance claim value : 1. Loss on stock :- 1st step is to check gross profit is given or not If gross profit is given then you don't need to prepare trading account If gross profit is not given then you have to calculate gross profit by trading account after that you have to calculate gross profit percentage 2nd step : when you have the value of gross profit then you have to prepare memorandum trading account to calculate the amount of stock on the date of fire 3rd step is to determine actual loss by fire : Actual loss = value of stock on the date of fire - salvage value After that you have to check that you are taking insurance of all stock or some of stock If you are insured your all stock then average clause is not applicable If you purchase insurance only 80% insurance of your stock ...in that case insured person also liable for loss In case of average clause : Amount of claim = amount of policy divided by actual insurable value multiplied by actual loss suffered
Mam please complete financial management subject because in next few moths there is a paper of mine so i request you to plz 🙏🙏complete the FM . I watched your cost accounting videos it helped me a lot. The way you taught cost Accounting was fantastic, so i hope you will teach FM in similar way.... Thank you 🙏🙏mam
Thank u sandeep😊..It really good to hear that my cost Accounting video Series helped u in your exams...Yes I try to cover Financial Management too in my upcoming videos.
Mam agar rate of grossprofit math me na diya jay aur previous yr ka details diya jay to kya previous yr ka trading account karke rate of gross profit nikalna parega?
Ma'am please aap financial accounting mein *sectional and self balancing ledger*, *preparation of accounts from incomplete records*, *valuation of inventory* per video bana do. Semester aane wale hai per RUclips per koi bhi video nhi hai in topics per ....
Ma'am mujhe actually is chapter ki vedios ki sequence hi samj nhi aa rahi h ki yeh start konsi vedio se hoga and end konsi vedio se hoga app pls mujhe ek baar samjha dijiye na m b.com 2 m hu yeh FADM ka chapter 3 h
Types of risks :
1. Loss of stock
2. Loss of fixed tangible assets
3. Loss of profit
Liabilities of insurer:
1. Policy amount
2. Loss amt
Whichever is less
Method of calculating insurance claim value :
1. Loss on stock :-
1st step is to check gross profit is given or not
If gross profit is given then you don't need to prepare trading account
If gross profit is not given then you have to calculate gross profit by trading account after that you have to calculate gross profit percentage
2nd step : when you have the value of gross profit then you have to prepare memorandum trading account to calculate the amount of stock on the date of fire
3rd step is to determine actual loss by fire :
Actual loss = value of stock on the date of fire - salvage value
After that you have to check that you are taking insurance of all stock or some of stock
If you are insured your all stock then average clause is not applicable
If you purchase insurance only 80% insurance of your stock ...in that case insured person also liable for loss
In case of average clause :
Amount of claim = amount of policy divided by actual insurable value multiplied by actual loss suffered
Nice explanation ❤
Thank you ma'am..! ♥️Your explanation is very clear 😊
Best helpfull vedio in utube is your vedio mam ❤
thnku maaam meko shmj me aa gya ye chptr 3 din bd mera exam h😊😊😊
All the best 👍
@@accountingmasterclass thnkuu so much maam🥰exam bhut acha hua
Happy teacher's day mam ❤
Mam please complete financial management subject because in next few moths there is a paper of mine so i request you to plz 🙏🙏complete the FM . I watched your cost accounting videos it helped me a lot. The way you taught cost Accounting was fantastic, so i hope you will teach FM in similar way.... Thank you 🙏🙏mam
Thank u sandeep😊..It really good to hear that my cost Accounting video Series helped u in your exams...Yes I try to cover Financial Management too in my upcoming videos.
Wow 😲 tq mam for clearing doubts
Wow mam What a Explanation my favourite teacher in account lifetime 😅
Your video's are very helpful ❤️
I Understand clearly,Thanks Mam☺
Thank u for your constant support to my Channel
apne to mera doubt hi clear kar diye thank you so much mam
Thanks mam 👍
Easiest explaination ...thank you so much.. ma'am
Mam your teaching super so plz give me more questions and answers insurance claim loss of stock only
mam apne insolvency account par video nhi banai h plz bana dijiye exam aa rahe h 17 feb se so plz mam provide the video of insolvency account
Aachha samjaya mam 👌
Best teacher .... concept cleared
Mam aak question M diya h personal use k liye h good uski cost bhi diya too wo add hoga ya nhi
Please mam bta dijiye
Mam agar rate of grossprofit math me na diya jay aur previous yr ka details diya jay to kya previous yr ka trading account karke rate of gross profit nikalna parega?
Great explanation
Thnku for helping ❤💓
Very helpful lecture mam
Very nice and cool ✌️✌️😇😇
So nyc voice mam 😊👌
Thank u 😊😊.plz support my Channel by sharing this video lectures Series with your friends and juniors too so that I can help more and more students
Hii mam holding company lecture please
Already uploaded
Hlo mam
Yours lectures are very helpful
But mam i want to ask that can we pass in advance accounting and cost management by just doing theory?
Please make video of Branch Account
1 lecture video I have already uploaded..
@@accountingmasterclass okk ma'am
Mam plzz upload other videos of branch accunt
I understand it clearly
Thank you mama🙏
Thank you mam ❤️🙏👍💞
Thanks Guruma☺️
Thanks alot mam ji 🙏🙏🙇🙇
Mam agr trading account bnane me gross profit na diya ho to kaise dhundhenge?
Dono side clos stock and gp kese dhundhenge?
Easy to learn by explain mam
Very helpful lecture mam, thank you
Mam plz cover the topic accounting for banking and insurance companies
Today 10 am I am going to give my accounts paper.
All the very best for your exam 👍
Thanks mam i understood very well
Dilse thank you mam😊🥰🙏
Ma'am app complete chapter q nhi padhate ho 2 vedio upload krte ho ...pls complete chapter ki vedio upload kra kro
Very good explanation thanks ma'am
Mam me ncert b. Com se hu to me yhaan se padh sakta hu kya.
Yes
Ma'am please aap financial accounting mein *sectional and self balancing ledger*, *preparation of accounts from incomplete records*, *valuation of inventory* per video bana do. Semester aane wale hai per RUclips per koi bhi video nhi hai in topics per ....
Ha
Insolvency account ki bhi vedio Banao mam plz
Tq maym🙏🙏
Most welcome 😊.Plz support my Channel and my efforts by sharing this video lectures Series with your friends and juniors.
Mam banking insurance k topics apne cover kiye hai kya ?
😢
Thanking you mam❤
I understand it clearly
Ma'am please make video on business eco🙏
Send me the syllabus...mail I'd is Pooja281183@yahoo.co.in
U r in which course.
❤
Ma'am yeh to FADM ka chapter h na b.com 2 m h yeh chap mere ......
U r from which university..??yes Generally in universitis it is in B.Com 2nd yr or 1st year.
Plz support my Channel by sharing this video lectures Series with your friends and juniors too.
@@accountingmasterclass insurance claims ka bhi complete krao na Fadm ka chapter h basic se ?? And m bilkul sab ke saath share krunga .....
@@accountingmasterclass mdsu University
Mam plz voyage account ki video daldo
Ma'am mujhe actually is chapter ki vedios ki sequence hi samj nhi aa rahi h ki yeh start konsi vedio se hoga and end konsi vedio se hoga app pls mujhe ek baar samjha dijiye na m b.com 2 m hu yeh FADM ka chapter 3 h
I have uploaded 2 videos on Insurance claim...it is mentioned on Thumbnail which one is part 1 and which is part2
❤❤❤👌👌👌👌👌👌
Thank you so much ma'am
mam plz provide the video plz mam
Very helpful Video Thank you mam
Thank u 😊😊.Plz support my Channel by sharing this video lectures Series with your friends and juniors too so that I can help more and more students
Ma'am stock salvage kya hota hai?
Jo stock left hai fire ke baad
Mam please mere doubt ka ans dejia royalty acc wala
@Accounting MasterClass 31:29 mai royaltie 50000 ki jagah 35000 nhi denge kya kyuki 15000 to shortworking mai kaat dete hai naa
3rd entry
@Accounting MasterClass mam 26:04 mai kya ham shortworking a/c ko bhi pnl a/c mai transfer nhi karenge loss show kar ke
Ye timeing royelty acc ka first video ka hai
Sorry I missed..w8 batati hu...
@@accountingmasterclass ok mam no problem
Hlo mam mujhe insolvency account ki viedo chahiye
Good evening mam
❤️😍
.Plz support my Channel by sharing this video lectures Series with your friends and juniors too so that I can help more and more students
What if gp ratio is not given
Today 9 am , my bcom 1st yr account paper 😀👍🏻
All the best 👍
@@accountingmasterclass thank you mam 😀 ye video end hone aayi or reply aagya aapka 🙏🏻🙏🏻🙏🏻
😊😊
@@accountingmasterclass 🙏🏻😊
😅
My paper is tomorrow 1 year
WhatsApp number milega kya Mam's aapka
Ping on telegram
@accountingmasterclass ok
Give me telegram link Mam's
Thank you ma'am 👍🙏
Thank you so much mam
Thanku ma'am