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When its returned within the warranty period.
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∙ 11y ago
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What is a non monetary expense?
Monetary expense is basically a cash-money expense, so a non-monetary expense is an expense that isn't money. Some examples would be physical or personal expense.
What is the meaning of back to back warranty?
back to back warranty
What is the definition of full warranty?
a full warranty guarantees that if a product is found to be defective within the warranty period, it will be repaired or replaced at no cost to the purchaser.
Do all goods come with a warranty?
Not all but most. Sometimes you have to pay to have a warranty added.
What economic factor disfavor e- commerce?
Channel conflict, price conflict, logistics expense and customer-service expense
What is the journal entry for a warranty purchased in financial accounting?
The journal entry to record the purchase of a warranty in financial accounting would be to debit the Warranty Expense or Warranty Cost account and credit the Unearned Warranty Revenue account. This reflects the cost of providing the warranty coverage and defers the recognition of revenue until the warranty services are actually provided.
What is the journal entry for warranty expense charged against the revenue?
Debit Warranty Expense Credit Warranty Liability
Is warranty expense a current or non-current asset?
An expense is not an asset at all.
What is the accounting entry for sales return under warranty?
The accounting entry for sales return under warranty is the accrued warranty liability. This entry is written under warranty expense.
Where would you record acceptances in balance sheet?
Record it as an expense.
Is tax a asset or expense and how do I record it in the General journal or balance sheet-?
Tax is an expense, you do not record it in a balance sheet but on the general journal.
Usually failure to record a liability means failure to record an?
Expense
The adjusting entry to record supplies expense accomplishes which of the following?
Decreases an asset and increases an expense.
How do you record a journal entry to reverse the expense booked?
debit cash / bank / accounts payablecredit expense account
Will posting of the GA document record an expense in GFEBS?
yes
Will The posting of the GA document will record an expense in GFEBS?
yes
Will The posting of the GA document record an expense in GFEBS?
yes
