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.

Answer Posted / sridhar

Hi Friends, As per second line from bottom. Loss will be
cell phone cost (which we don’t know (may be 400)) + 250
+1000.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the formula for acid test ratio in accounting?

624


what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..

4130


During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

1237


Why Is The Distinction Between Product Costs And Period Costs Important?

659


what is the basic difference between pooling of interest method and purchase method in amalgamation

3197






what is profit and loss(dr) in cash flow statement?

1562


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2137


In the Manufacturing IF QC reject the material. Then where to record rejected material amount.

1474


what is penaultimate sale

1545


What information do you require before you approve an invoice for payment?

733


Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?

3238


Where should tds received should show in balance sheet?

626


what is bank aceleted?

1660


What is the entry to be passed on receiving the tds certificate in the books of the deductee?

2199


I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

1292