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What else can I help you with?
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?
In financial accounting, you will need to debit the warranty expense account and credit the accrued warranty liability account. You can also use the account name prepaid expense instead of the warranty expense account.
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
Why does a company accrue warranty expense?
A company accrues warranty expense to recognize the estimated costs associated with honoring warranty claims on its products. This accounting practice aligns with the matching principle, ensuring that expenses are recorded in the same period as the related revenue. By estimating and recording this liability, the company provides a more accurate picture of its financial position and performance. Accruing warranty expenses also helps in budgeting and managing potential future cash outflows related to warranty claims.
When a note matures the payee should record?
Interest Expense
Will The posting of the GA document will record an expense in GFEBS?
yes
