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
Determine the concept of Closing entries-(REID) 1)  Close Sales account and other income statement accounts with credit balances to Income Summary. 2)  Close each expense ac

Q. What is Accounts Receivable account? Envisage a company with an Accounts Receivable account and an Accounts Payable account in its general ledger as well as no Accounts Rece


What time is it?

Capital In addition to borrowing from banks and additional sources, all companies obtain finance from their owners. This money is usually accessible for the life of the busines

Concept of 'Fund' :  The word 'Fund' has a range of meanings. several people take it identical to cash and for them, there is no dissimilarity between Cash Flow and Funds Flow


Astra Company sells financial calculators and offers instruction on their use. During its first year it expects to sell 3000 calculators at $30 each and offer 5000 hours of instruc


Q. Financial statements in European countries? In a few European countries the financial statements contain secret reserves. These secret reserves occur from a company not repo