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(Querist)
26 May 2011 Dear All,

What will be the journal entry for warrenty extention of the computer. The warrenty period is from June2010 to May 2011.

What will be the journal entry for the financial year 2010-11 and 2011-12
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Suresha R

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Suresha R (Expert)
26 May 2011 Only for monetary transaction need to be accountable

if wanrranty is renewed then
repairs & maintenance a/c dr.
To, xyz & co.
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Saurav

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Saurav (Querist)
26 May 2011 yes it is a renewal but the validity of the warrenty is covered into 2 years then how it will be divided. Please pass a journal entry




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