UTILITY OF HONESTY IN TRADE

Dishonest tricks practised by the Seller and their detrimental effects - Part B

An award winning essay by K.B. Khushalani

 

 

 

4. Dishonest tricks practised by the Seller and their detrimental effects.

The kind of honesty  expected  from   the trader is :

 

5. Honesty in maintaining books

 

It is a habit with many merchants to maintain duplicate books, vouchers, bills etc. Duplicate books vouchers are maintained to cheat either the Income Tax Authorities or debtors and creditors, the debtors when they are illiterate and the creditors at the time of insolvency; whereas duplicate bills are shown to customers as a proof of quoted cost prices. These' bills are prepared either by the merchant or his supplier who-is requested to show higher prices than actual. Another trick is sometimes played, the supplier being asked to show true prices but not the commission on the bill. This is justified by some people on the ground that commission is meant solely and entirely for the trader, and the purchaser has no-business with it. But in the true sense of the word it can be justified only when the trader plainly tells his customer that he receives a certain commission, the extent of which he cannot disclose. -The act of cheating the Income Tax Department puts Government to heavy loss, which is usually counteracted by revision of rates by Government, and the burden is. borne ultimately by these who do not, or by both. Besides, if once caught, they are heavily penalised.

 

The fact of anybody declaring himself insolvent, after setting aside certain properties for himself and having prepared false books for submission to Court, never remains a secret. and is often proved in the Courts of Law. In those cases, however, where sufficient evidence is not available to pin the dishonesty, there is a definite judgment against him out. the business world, where each individual weighs his action the balance and finds himself wanting. Such a man  loses the confidence of the mercantile class, and everybody tries to keep him at a distance and hesitates to deal with him.

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TO BE CONTINUED....

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