Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 29 Answers
- 30451 Views
- I also Faced
- E-Mail Answers
Answer Posted / shekhar
total loss to customer is ( -1000-250)
1250rs....
Reason:
Shopkeeper got change of 1000rs;(fake) from next showroom
He got 750+250 original cash
He kept Rs750 as price of phone and returned rest of the
amount to customer
So... He is having liability to pay Rs 1000 to Showroom
owner and made loss of Rs250 by returning back to customer.
Price of phone is balanced
so net loss is Rs1250
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.
Is financial accounting necessary?
Explain what is bank reconciliation?
how to prost entry for purchases with a bill
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.
what do you mean by Firm
What is accounting period?
How is scrap value calculated?
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
what are the main important accounting entries for AP and AR ...
What is peach tree accounting?
What is the rate of penalty charged when the given Vat Cheque dishonoured?
Tell me what is the difference between accumulated depreciation and depreciation expense?
