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
Answer / urvashi sharma
Rs. 2,000/-
Mobile=750
Change given to client=250
Given to that person who pure that note was fake=1,000
Is This Answer Correct ? | 6 Yes | 2 No |
TOTAL LOSS IS RS. 2000/-
BECAUSE:
FAKE NOTE = 1000/-
MOBILE = 750/-
CHANGE GIVEN = 250/-
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / feroze
THE SHOWROOM SHOP WAS LOSS OF RS.1000/- I.E 750 PHONE,250
BALANCE GIVEN ONLY
Is This Answer Correct ? | 2 Yes | 2 No |
Answer / thimmappa poojari
We need to consider few factots :
1) Shop owner's duty to discuss with sales exective the
real issue and to investigate whether the note given by
customer is really fake one OR the next shop owner lied &
cheated the sales executive.
2) if the next shop owner cheated by lying then NO loss to
sales executive
Further if it found to be fake one then :
3) whether the shop has valid note identification machine,
if so sales executive's loss is either cost of the mobile +
250 OR aed 750(full price) + aed 250, depends on the shop
owner's decision of punishment.
3) if the note identification machine not installed and
hence, if the shop owner is sincere one who understands the
employee's difficulty in identifying the difference in
original and fake notes, then he might consider
a)forgiving the sales executive and warn him to be extra
careful.
b)In addition to the point (a) he may lodge police
complaint against the customer on fake note ( if he has
proper address, details of customer)
c)any other action based on Shop owners's decsion. But
maximum loss in any case is aed 1,000/- OR if sales
executive found to be in fault he may be punished as per
any caluse for such acts in his employment contract.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rishav
i don't think the question is correct because or it is not specifying that after selling the phone at Rs750.how much profit that showroom owner gets,(actual puchase price of owner ),. so answer is " can't be determine"
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vijay
the loss is 1000/- that he paid to the next shop keeper.
Is This Answer Correct ? | 0 Yes | 0 No |
What is the difference between Invoice and Performa Invoice ?
How to face the interview of account in mnc & other plz me adivce
2 Answers Accounting, FactSet Systems, HCL,
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
What is royalty reserve?
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
Tell me did you use accounting applications at your previous companies or prefer working manually?
If we give a discount to any customer on our invoice & issue a credit note of discount than what will be the group of discount in tally. please suggest me.
How do you relate yourself with Accounts?
Why we show always closing stock in credit?
Who was the first person to climb Mount Everest?
How many accounting standards are currently published?
In accounting, are assets a permanent account?