The hardware from another defective device , Accounting Basics

Assignment Help:

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.

 


Related Discussions:- The hardware from another defective device

Adjusting entry, office supplies on hand at year end amounted to 3000

office supplies on hand at year end amounted to 3000

Organisation for accounting and finance, A characteristic organization char...

A characteristic organization chart for finance and accounting function is presented in following figure 2. You will notice the person at the helm of affairs the Director of Financ

Create job cost summary sheet , Question: Artarmon Ltd uses a job-order...

Question: Artarmon Ltd uses a job-order costing system and a predetermined overhead rate based on direct labour cost. Estimated manufacturing overheads for the coming year were

The following unadjusted trial balance is prepared at fisca, The following ...

The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON COMPANY Unadjusted Trial Balance January 31, 2013 Debit Credit Cash $

Evaluation of data - scope of accounting, Data evaluation is observed as th...

Data evaluation is observed as the most significant activity in accounting recently. Evaluation of data comprises controlling the activities of business along with the assist of bu

What do you mean by contingent liabilities, Q. What do you mean by Continge...

Q. What do you mean by Contingent liabilities? Contingent liabilities -- liabilities which are not recorded on a company's financial reports though whichmight become due. If a

Example of supplies on hand, Q. Example of supplies on hand? On 2010 De...

Q. Example of supplies on hand? On 2010 December 4 Micro Train Company buy supplies for USD 1400 and recorded the transaction as follows Micro Train's two accounts reci

Explain financial accounting information, Q. Explain Financial accounting i...

Q. Explain Financial accounting information? A Financial accounting information is precedent in nature that reporting on what has happened in the past. To facilitate comparison

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd