ACTUAL WARRANTY INCURRED DURING THE YEAR WILL BE INSERTED INTO WHICH ACCOUNT HEAD ? CAN U EXPLAIN WIHT ONE EXAMPLE ?
AND PACKING CHARGES WILL BE CLUBBED IN WHICH EXPENSE/ACCOUNT HEAD ? MEANS MANUFACTURING ,ADMINISTRATIVE ,SELLING AND DISTRIBUTION OT FACTORY OVERHEADS . ?
Warranty Could be part and parecel of selling/Marketing products,Packaging is must for selling products,and could be taken as Productions cost/manufaturing cost,Extra packaging costs Could be taken as selling expenses.Such as packages for Gifting the products.
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
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RoamPrime Technologies Private Limited
Bengaluru
CA
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CCI
Pro
CAclubindia
