Accounting entry

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1)Is accounting entry required in case a machine is sent for repair during warranty period and vendor will not charge any fee for the same??

2) Is accounting entry required if machine gets damaged and is sent to its vendor for replacement during replacement period?
Replies (2)
No... No need any accounting entries in both condition.

But, keep records for the RM schedule for Your documents...

If  the  amount  is  not   involved  in  both  transaction    , then  No  Accounting  entry (J.E)  ,however  you have  to keep  record . 


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