one customer visit the showroom of phones and purchased the
phone of Rs 750 and gave the 1000 rupees note the showroom
executive didn't have the change so he take the change from
next to his showroom's shop then he deliver the phone to
customer with the change of rs 250.and customer went with
both after sometime the shop owner of next to showroom who
gave the change of Rs 1000 with angry and told the showroom
executive that the note you give it to me is fake! so
showroom executive gave him Rs1000 to him.so my(question) is
how much the showroom executive faced the loss on this
transaction.

Answers were Sorted based on User's Feedback



one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupe..

Answer / neeraj

Rs 1000 becuase he has already got the payment of mobile
750 rs so he have to face the loss of 1000 Rs which note
was fake

Is This Answer Correct ?    1 Yes 2 No

one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupe..

Answer / muttagi mahesh

The answer is Rs. 2,000/- Because, Rs. 1,000/- duplicate
note taken changes from another person & Rs. 750/- for
Mobile & Rs. 250/- change given to Customer. So total loss
to Showroom is Rs. 2,000/-.

Is This Answer Correct ?    1 Yes 2 No

one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupe..

Answer / hero

the answer is not 250 or 1250 or 1750 or 2000
please reply a genuine answer thak you.

Is This Answer Correct ?    3 Yes 5 No

one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupe..

Answer / guest

Answer is 1000+250=1250

Is This Answer Correct ?    2 Yes 4 No

one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupe..

Answer / dhanashree

Answer is Rs. 3000/-.
750 (Mobile) + 250/- (Change) = 1000/- TO Customer
1000/- To Angry Shop Keeper
& 1000/- Note Which is a Fake But Which is not Returned by
the Angry Shop Keeper so it is not prooved that it is a
Fake Note so it can be a Loss to The Showroom Executive.

Nothing is mentioned regarding Profit margine or % of
profit so this can be the answer.

Is This Answer Correct ?    1 Yes 3 No

one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupe..

Answer / s kiran

Mobile Rs- 750
& Fake Note Rs-1000
Total Loss= 1750

Is This Answer Correct ?    0 Yes 2 No

Post New Answer

More Accounting General Interview Questions

How many ways can i increase paid up capital? Can i use retained earnings and change into paid up capital? If yes, what are the entries in the books?

2 Answers   ABC,


Tell us depreciation and its types?

0 Answers  


deduct deperection from land true or false

21 Answers  


what is the process of cenvat credit taken in service tax( in direct & indirect service)

1 Answers  


Why an Expenditure is called Differed?

0 Answers   Accenture,






Kindly tell me some journal entry of provision . 1) Make provision for Rs 100 teliphone bill on 31 March 2010. 2) teliphone bill received Rs 150/- on dated 10 Apr 2010. What will be journal entry for both case in tally.

11 Answers   Goldman Sachs,


The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

0 Answers  


Interest on capital will be paid to the partners if provided for in the agreement but only from________ (a) Profits. (b) Reserves. (c) Accumulated Profits. (d) Goodwill.

1 Answers  


discuss seperate determination concept

0 Answers  


what is balance sheet?

3 Answers  


Tell me whether the account “cash” will be credited or debited, when a company pays a bill?

0 Answers  


What is the difference between cost accounting management accounting and financial accounting?

0 Answers  


Categories