New chager is given for free

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1359 Points Posted on 19 June 2022
new chager is given for free by an mobile shop in warranty period what is accounting treatment for it??
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On 19 June 2022 at 11:45 Report
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Quick Summary
This discussion explores the accounting treatment for a mobile phone charger given for free under warranty. Participants debate whether the charger's cost should be considered a warranty expense or if it's already factored into the mobile phone's price. The consensus leans towards treating it as a warranty expense when replaced due to defects.

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Chartered Accountant
86505 Points Posted on 19 June 2022
Nothing
3 Reply
On 19 June 2022 at 12:10
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1359 Points Posted on 19 June 2022
As per which concept and why ?
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On 19 June 2022 at 12:24
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Chartered Accountant
86505 Points Posted on 19 June 2022
Cost of Charger is included in cost of mobile.
1 Reply
On 19 June 2022 at 12:29
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113 Points Posted on 19 June 2022
Nothing is free. cost of Charger is in built in the price of mobile.
1 Reply
On 19 June 2022 at 18:54
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1359 Points Posted on 19 June 2022
1- if a customer purchased a charger of rs 2000 and after 10 days he come to replace it because it is not working
2 - if charger is given with mobile( in built) after 10 days it is replaced for the same reason stated above
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On 19 June 2022 at 20:18
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Chartered Accountant
86505 Points Posted on 19 June 2022
But what shop keeper did with such charger replace or pay money
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On 19 June 2022 at 20:37
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1359 Points Posted on 22 June 2022
Replace
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On 22 June 2022 at 21:28
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Chartered Accountant
86505 Points Posted on 23 June 2022
Then show it as Warranty Expenses.
1 Reply
On 23 June 2022 at 00:06

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