krina (student) (1263 Points)
08 December 2012The Qiz Go's this way..
A Lady buys goods of Rs.200 & Pays a Rs.1000 note to shopkeeper , he gets the change from the Next shop & & keeps Rs.200 for himself & Returns Rs.800 to the lady ..
After some time, The next shop owner Returns the Rs.1000 note Saying that its " Duplicate" & Takes the money Back ..
Now the Question is How much Loss did the shpokeeper Suffer ?
Bhushan Jaju
(Student)
(970 Points)
Replied 08 December 2012
Answer is Rs.1200....if i am wrong..plz correct me...
CA CHETAN GUPTA
(CA)
(588 Points)
Replied 08 December 2012
The Loss is Rs.1000 Only.
Rs.1000 taken from Other Shop is returned to that Shop as it is. So No Profit No Loss here.
Rs.800 + Goods of Rs.200 paid to Lady in Exchange of Duplicate Note of Rs.1000 is the Actual Loss.
Therefore Total Loss is Rs. 1000/- Only.
ANTONY EDGAR
(CA in Practice)
(89 Points)
Replied 08 December 2012
The loss is 2000. 1800incash + 200 worth of goods. Though he got back 1000 rupee note from the next shop. its duplicate hence that is also a loss.
CA CS Chirag
(Practicing CA)
(834 Points)
Replied 08 December 2012
2000/- explaination is same as antony
Ashwini Kumar Rohilla
(M.Com and CA-FINAL)
(949 Points)
Replied 08 December 2012
| Originally posted by : Chetan Gupta | ||
 |
The Loss is Rs.1000 Only. Rs.1000 taken from Other Shop is returned to that Shop as it is. So No Profit No Loss here. Rs.800 + Goods of Rs.200 paid to Lady in Exchange of Duplicate Note of Rs.1000 is the Actual Loss. Therefore Total Loss is Rs. 1000/- Only. |
 |
This answer is correct................i m sure 101%
Neelukumari T Jain
(Chartered Accountant)
(47 Points)
Replied 08 December 2012
The correct answer is Rs.1000.
As the shopkeeper has paid to the next shopkeeper his own money which he has given at the time of change and taken the money given by the lady which was "Duplicate". Hence, here he is left with the duplicate note of lady which has no value. And shopkeeper has also given Rs.800 in exchange to the lady with the goods of Rs. 200.
So, the loss of goods Rs. 200 and loss of money Rs. 800 which is totalled to Rs.1000.
CA CHETAN GUPTA
(CA)
(588 Points)
Replied 08 December 2012
| Originally posted by : Chetan Gupta | ||
|
The Loss is Rs.1000 Only. Rs.1000 taken from Other Shop is returned to that Shop as it is. So No Profit No Loss here. Rs.800 + Goods of Rs.200 paid to Lady in Exchange of Duplicate Note of Rs.1000 is the Actual Loss. Therefore Total Loss is Rs. 1000/- Only. |
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kishore
(STUDENT(IPCC))
(867 Points)
Replied 08 December 2012
its contingent liabilitity on rs 800 he can give it back to her.. so no loss
DEEPA VYAS
(CA )
(2039 Points)
Replied 08 December 2012
Loss of Rs 2000.
first he has to give Rs 1000 to shopkepper + .Rs 200 for goods + Rs 800 which he gave to lady
Rs1000 note is duplicate so of no use
Nikhil Pawar
(Student)
(22 Points)
Replied 08 December 2012
Guys its 1800!!!
He need to give 1000/- back to shopkeeper...!
He had 200 which lady gave her for d value recieved!So profit no loss!!
And shopkeeper had also given 800 to lady!!
1800+200-200+800=1800!!!
krina
(student)
(1263 Points)
Replied 09 December 2012
Correct answer is Rs. 1000 /- As Explained by Chetan Gupta ..
CAclubindia
