Menu
Can someone answer this qiz
RS 1000/- is the loss...simple. :)
ans : Shopkeeper received 1000 from exchange of note which was fake . out of which he gave 800 to women .
After that he is left with 200 .
So when shopkeeper came he gave him 800+200=1000
Goods given also 200
so loss is 1000/-
800 cash loss 200 stock loss
The loss amount is Rs. 2000/-.
Rs. 800/- returned back to the lady
Rs. 200/- cost of material
Rs. 1000/- Fake note (as this note will not be encashed by shopkeeper hence it should count to his loss)
Recent Topic
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
Related Topics
CAclubindia
