Get premium membership and access questions with answers, video lessons as well as revision papers.

Nzundu and Theku bought a building for Kshs.12,000,000. Nzundu paid Kshs.8,000,000 while Theku paid Kshs.4,000,000. The building was insured for 8,000,000 against the...

      

Nzundu and Theku bought a building for Kshs.12,000,000. Nzundu paid Kshs.8,000,000 while Theku paid Kshs.4,000,000. The building was insured for 8,000,000 against the risk of fire. Later the building was partially destroyed by fire to a tune of Kshs.6,000,000.
(a) State the amount of compensation likely to be paid by the insurance company.
(b)Calculate the amount of compensation that each one will receive based on their
capital contributions.

  

Answers


Kavungya
fig3211020191130.png
Kavungya answered the question on October 21, 2019 at 08:31


Next: Post the following transactions to the relevant “T” accounts. (a)Started a business by depositing in the bank a cheque of Shs.10,000 on 2nd January 2011. (b)Withdrew cash...
Previous: The following information relates to Benja Retail Shop as at 31st December, 2006. Shs. Opening stock 80,000 Closing stock ...

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions