When the transaction is over, it is BEP .
So the additonal 1000 Rs paid to next shop will be the loss incurred by the shopkeeper.
Check your knowledge
Page no : 2
Binod Mahato
(Accountant)
(21 Points)
Replied 27 May 2013
Total loss is Rs 1000/-
i.e 200 for goods & Rs. 800 for amount given to lady. 1000 Rs. is only exchange from other shop.
V Palaniappan
(Assistant Company Secretary)
(21 Points)
Replied 27 May 2013
Rs.2000/- (Because cost of goods already covered in Rs.200/-)
Dipak Soni
(Trainee)
(111 Points)
Replied 27 May 2013
Correct answer is Loss of Rs. 1000...... its simple
Use Brain............................
Nipul Pandya
(Accounts Manager)
(25 Points)
Replied 27 May 2013
Rs.1000/- only
(First Shopkeepar has returned Rs.1000/- to Second ShopKeepar which he had get it from him only on exchange of Duplicate Note)
(The actual loss will be Rs.800/- given to lady + Rs.200/- worth of Goods i.e. Total Rs.1000/-)
Kishore
(Be a Dreamer)
(38 Points)
Replied 27 May 2013
Transaction wise Inflows & Outflows :
1) The Shop Keeper has bought the Goods worth Rs: 200 from Outside Market say : Rs: 200 (Outflows)
2) The Lady gave him Rs: 1000 (Inflow)
3) The Shop Keeper gave the Rs: 1000 note to Next Shopkeeper (Outflow)
4) The Shop Keeper Gets the Change from the Next Shop Keeper Rs: 1000 (Inflow)
5) The Shopkeeper returns back Rs: 800 to the Lady (Outflow)
6) The Shop Keeper again Returns back Rs: 1000 (on account of Duplicate 1000 note) to Next Shop keeper (Outflow)
Result of the Transaction :
-200+1000-1000+1000-800-1000 = -1000 (Outflow)
So the LOSS incurred by the Shop Keeper is Rs: 1000 /-
Cheers
Kishore
sonu
(CA Practice )
(205 Points)
Replied 27 May 2013
Loss of Rs.1000/-
two ways to understand this:
first: gain by 1 party is loss by other party
so lady gained: 800/- real note and 200/- gold =1000/-
is loss of shopkeeper whereas third party niether gain nor loose
Secound:
loss to shopkepper = Gold of 200/- - 1000/- recd to third party +800 paid to lady + 1000/- paid to third party(just go by cashflows and goods movement in shopkeeper hands)
raju
(student)
(26 Points)
Replied 27 May 2013
amount recd from lady rs-1000=00.
got change from next shop-1000=00.
total value of goods is- 200.
total amount is given to lady = 800+ value of goods is( 200) is total 1000=00,
he repaid to next sho Rs-1000=00(because of duplicate note)
so total Loss is - lady 800+ 200(goods)+ next shop (1000) is total is -2000=00
Manisha Makhija
(article)
(120 Points)
Replied 27 May 2013
shopkeeper lost 1000 as he has to pay this amt to anmther shopkeeper.as well as the lost of good of200is already with d shopkeeper whch he kept while d payment
reply d answer pls
Amit Jain
(Article Assistant)
(21 Points)
Replied 28 May 2013
Total Loss of Rs.1800.
Rs.1000 (Real currency) returned to Shopkeeper. + Rs.800 (Real Currency) returned to Lady.
Goods sold 0f Rs.200 and Rs.200 received from shopkeeper.Hence effect of goods sold is nil.
Kartik Khandelwal
(Student CA IPC / IPCC)
(21 Points)
Replied 28 May 2013
The Correck Answer is Rs 1000
Raj Gupta
(Accountant)
(34 Points)
Replied 28 May 2013
Correct Answer is Rs.2000/- (200+800+1000)
Because first shopkeeper has loosed value Rs.200 of goods + 800 return to leady and 1000 given to another shopkeeper. He has exchanged same value of currency but finally he got fake note of Rs.1000/- of nil value.
I am confident.
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