Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 16 Answers
- 16930 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
what is the D.V.T. rate from 1/10/2009
When Tds is applicable to deduct and wht is rate for different work panel?
what is groups and and ledgers in tally can you give why we need to prepare them
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
Explain what is involved in the process of double-entry accounting?
What is journalizing? What are the columns of a journal?
What are the uses of journal in accounting?
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT
How create the invoices?
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
