santosh kapoor


{ City } baddi
< Country > india
* Profession * accountant
User No # 52526
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Questions / { santosh kapoor }
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how will be the entry of service tax on freight?

Polar,

2 Accounting General 10874




Answers / { santosh kapoor }

Question { 14438 }

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

TOTAL LOSS IS RS. 2000/-

BECAUSE:
FAKE NOTE = 1000/-
MOBILE = 750/-
CHANGE GIVEN = 250/-

Is This Answer Correct ?    4 Yes 1 No