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Warranty sale

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sri (Querist)
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26 September 2011 warranty parts replaced by the dealer and claim from his company
In this case it took nearly 2 months to get the receipt or parts from the company to the dealer?
Here the question is ..
1. did warranty parts are treated as Sale ?
2. If it is a sale should the dealer pay vat for the warranty parts replaced?
3. what is the accounting treatment please explain????
Urgent.....

sri

sri (Querist)
Follow

27 September 2011 warranty parts replaced by the dealer and claim from his company
In this case it took nearly 2 months to get the receipt or parts from the company to the dealer?
Here the question is ..
1. did warranty parts are treated as Sale ?
2. If it is a sale should the dealer pay vat for the warranty parts replaced?
3. what is the accounting treatment please explain????
Urgent.....

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