The hardware from another defective device , Accounting Basics

Assume we are a trading company giving devices and sometimes after sales service. when any fault came we just replace the hardware from another defective device and getting the payment from the customer. How can we account that?

Ans) At the time of sale

cash sales. Cash A/c-------Dr

to sales A/c

2. Credit sales

Customer Name A/c ----Dr

to sales A/c.

 

Posted Date: 3/30/2013 3:21:36 AM | Location : United States







Related Discussions:- The hardware from another defective device , Assignment Help, Ask Question on The hardware from another defective device , Get Answer, Expert's Help, The hardware from another defective device Discussions

Write discussion on The hardware from another defective device
Your posts are moderated
Related Questions
Based on the financial statements for Jackson Enterprises (income statement, statement of owner's equity, and balance sheet) shown below, prepare the following financial ratios. Al

hello, i am in Malaysia and try to reconcile a bank statement in USD. I am confuse on which currency should i follow to enter the bank transactions. If follow in USD, i could not


Q. Illustrate unearned service fees? Micro Train reports the service income in its income statement for 2010. The company enters the USD 3000 balance in the Unearned Service Fe

Q. Qualitative characteristics of financial reporting? Accounting information must possess qualitative characteristics to be useful in decision making. This criterion is hard t

Journal voucher is the voucher in which all the adjustment related entries and non cash non bank transactions are come ijournal eg-dep, some of them book the bills in journal and

Distinctions between management and financial accounting We can observe that management accounting is less constrained than financial accounting. It may draw from a range of s

list me all the asset in the world?

At the starting of the year, Hernandez Company had total assets of $872,310 and total liabilities of $497,500. (a) If total assets enhanced $147,320 during the year and total li

office supplies on hand at year end amounted to 3000