what shopkiper given is
200+800=1000 to lady and 1000 to another shopkeeper for fake note
what he received, nothing
so Rs. 2000/- is total loss
Kirti Arora
(Company secretary CA final Student)
(75 Points)
Replied 25 March 2013
Only Rs. 1800/- its quite simple...Rs. 1000( due to fake note for which he need to refund the money)+Rs 800 (which he refuded to lady)
he will not face the loss of Rs 200 for which he sold goods to lady against which he has received the money against chagne of curreny....
CA Dileep Surya Kumar
(B.com, ACA, CS)
(3786 Points)
Replied 25 March 2013
ANSWER IS RS.1000
1. Loss =Amount given to lady Rs. 800+200( goods) =1000
2.The amount that is given to another shop keeper need not consider as the same amount taken by giving fake note hence NET EFFECT = NIL
piyush.a.k
(-)
(252 Points)
Replied 25 March 2013
Sir Tamilan & Jigar.. can u please explain.... how Rs. 1000/- !!!
Dhaval
(Job)
(794 Points)
Replied 25 March 2013
Total loss is Rs. 1000/-. There are 2 transactions of shopkeeper, one with lady & 2nd with another shopkeeper. There is no loss in transaction with another shopkeeper because first he takes 1000 from him & on next day he returns the same to him.
In transaction with lady, he looses his goods worth 200 & also pays 800.
So loss is 1000.
CA Kumar Mukesh
(CA CMA FINAL and Advance Excel Trainer)
(6871 Points)
Replied 25 March 2013
Loss is only Rs. 0001/- think different
JIGAR GOHIL
(-)
(28 Points)
Replied 25 March 2013
| Originally posted by : piyush.a.k | ||
 |
Sir Tamilan & Jigar.. can u please explain.... how Rs. 1000/- !!! |
 |
Rightly said by Dhaval both are different transactions. You can write down Journal entries instead to be clear.
Sudip Kumar Shaw
(Live Simple.. Achieve BIG..)
(493 Points)
Replied 25 March 2013
LOSS is RS. 1000 / - ONLY
I explain loss should be equal to profit earned by another party.
Loss of one party = Profit earned by another party
Here, the customer is gaining Rs 1000/- (including Rs.200 worth goods)
so, the loss suffered by the seller will be same Rs.1000/-.
Other seller is in no loss no profit position.
I think now u ll all agree with me.
RAMYA S
(student)
(51 Points)
Replied 25 March 2013
it s a loss of Rs.1000
bcoz the shopkeeper loses goods worth Rs.200+his xchanged amt worth Rs.800
Gangavarapu Abhilash
(Articleship)
(194 Points)
Replied 25 March 2013
the loss is 1000
goods 200
+amount given to the lady 800
total 1000 loss
and next the 1000 he has taken from the next shop and gave back 1000 so no loss in that area
SO THE LOSS IS 1000
Gangavarapu Abhilash
(Articleship)
(194 Points)
Replied 25 March 2013
the loss is 1000
goods 200
+amount given to the lady 800
total 1000 loss
and next the 1000 he has taken from the next shop and gave back 1000 so no loss in that area
SO THE LOSS IS 1000
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