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 / baasha
The Total loss to the executive is Rs.2000/-
Phone - Rs. 750/-
Change - Rs. 250/-
Fake Note - Rs.1,000/-
TotalLoss - Rs.2,000/-
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What accounts are to be debited and credited in this case o
What is accounting normalization?
Where a cash discount should be recorded in a journal entry?
Tell me what does the standard journal entry includes?
Do you know company's payable cycle?
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
what is use of cost center category in tally ? why & when use this ? what is benfit ?
What are the steps to take before you approve an invoice for payment?
Can you differentiate accounting and auditing?
Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not?
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
cheque deposit is a contra entry?
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
How do you add/remove a payment block for particular invoice ?
what is different between leaser of subsidary book and journal?