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Warrenty sale

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 February 2013 hello,

pl guide me the accounting entry for the following transaction.

one automobile dealer given the service for repairing and installing diesel pumps in vehical. and raise the bill as per item and labor charges. if the one of the part is in warranty , they replace that part , that part was sent to company, and company gave them cr.note. how the dealer shows that transaction. is it show that warranty sales as per mrp / pur. price. or only inventory entry shows by
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 February 2013 Please make an account as "warranty claim". This claim is generated by the customer and given by the company... the dealer is in fidutiary / trusteeship position.
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