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.

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

1496


What are the advantages & disadvantages of double entry system?

634


What are the major components of country's trade account?

2516


In which account does the unpresented cheque will get recorded?

719


Why does the accounting equation have to balance?

631






How do we calculate the cost of investment?

1300


sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .

1679


What are the activities that are included in the cash flow statement?

573


How will I post entries to Tally If I purchased a Car in Loan. The principal Amount = 62930 Interest = 6846 Total = 69776 We have to pay Rs 1191 every month for 4 years which include Principle amount and interest. how can I post the monthly entries to tally

25321


What are the elements of the accounting equation?

655


Tell us depreciation and its types?

639


what is penaultimate sale

1545


Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

977


what is the Differed Tax Liability & How it is calculate ?

1975


Why have you applied to our firm?

629