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Companies must accrue estimated warranty expenses. The journal entry to accrue the expenses is a debit to warranty expense, and a credit to an accrued warranty liability account. When warranties are paid the debit is to the warranty liability account and the credit is to the cash or bank account.
What else can I help you with?
How do you do bookeeping?
Bookkeeper.
Is there a bookeeping service in Portland Maine?
yes there is a bookeeping service in Portland Maine. I would investigate Maine Bookkeeping Inc. They are located at 44 Cash Street, South Portland, Maine.
What are the functions of accounding?
Bookeeping to keep track of profit expenses for an entity.
How is bookeeping done in the acconting industry?
Bokkeeping is done on Double Accounting System
What kind of warranty does Cellet offer?
Cellet offers different warranties on their different products, there are lifetime warranties, limited warranties, 3 year and 1 year warranties. All warranties are subject to proper use and not abusing the item in order for the warranty to remain valid.
Are all warranties unilateral contracts and are all unilateral contracts warranties?
no and no
Are exhaust manifolds covered by warranties?
Exhaust manifolds should be covered by warranties.
How do Largo Furniture warranties compare to Huntington USA Furniture?
The Largo warranties are not as good as Huntington, which provides five year warranties for all their furniture.
Difference between nature of condition and warranties?
difference between nature of conditions and warranties
Are warranties still in effect after a car is reinstated?
warranties have nothing to do witha repo. YES is your answer
What is the warranty for Canon copiers?
Warranties for Canon printers and copiers vary, from 90 day warranties for cheaper models to one or two year parts and labor warranties for Canon models at the top of their line, and extended warranties can be purchased as well.
Where can auto warranties be found?
Auto warranties can be found through auto warranty companies. There are many companies that offer auto warranties, such as The Auto Warranty Agency, and MBPI.
