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Re: 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.
(the answer is neither 750,1000,1250,1500,1750 nor 2000)
please reply the answer because its urgent with the
explanation of u'r answer thankyou.
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Answer Posted / sridhar
Hi to All, There are so many calculations. Please see
second line from bottom. So think in different way.
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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