Accounting for Warranty Expense. Explained W/example.

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  • Опубликовано: 2 дек 2024

Комментарии • 21

  • @yousifbanyamin398
    @yousifbanyamin398 Месяц назад +1

    Mr. Ferhat, I was just introduced to your channel. I can't thank you enough. You have saved me a lot of time and your teaching skills are phenomenal. Thank you from the bottom of my heart

    • @AccountingLectures
      @AccountingLectures  Месяц назад

      You are very welcome. Check my website for more:farhatlectures.com/

  • @Bilh711
    @Bilh711 2 года назад +1

    Thank you for introducing the caption on the lecture, really helpful!

    • @AccountingLectures
      @AccountingLectures  2 года назад

      Glad it was helpful! Please connect with me: linktr.ee/farhatlectures

  • @ramerousm4019
    @ramerousm4019 Год назад +2

    Great video, very helpful!

    • @AccountingLectures
      @AccountingLectures  Год назад

      Thank you and please visit the website for more farhatlectures.com/

  • @sabihanaaz2312
    @sabihanaaz2312 3 месяца назад

    How is lifetime warranty being treated which are offered at no cost?

  • @muratuzer6772
    @muratuzer6772 8 месяцев назад +1

    Thank you for the crystal clear explanation…

    • @AccountingLectures
      @AccountingLectures  8 месяцев назад

      Glad it was helpful! Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

  • @budakamerika
    @budakamerika Год назад +1

    is it typo? the cash (40,000+900) but the number debited is 40,600. which is the correct? 600 or 900?

  • @yerocastrocontabilidad
    @yerocastrocontabilidad 6 месяцев назад

    Greetings, at the end of each period I should make a reversal entry to adjust the true expense in guarantees, that is, 450 expenses only for end of year 1, right?

  • @hasanmerchant3617
    @hasanmerchant3617 Год назад +2

    FARHAT the GOAT 🐐🐐

    • @AccountingLectures
      @AccountingLectures  Год назад

      Thank you and please visit the website for more farhatlectures.com/

  • @vincentmakofane4113
    @vincentmakofane4113 2 года назад +1

    What happens if with regards to assurance warranty the company doesn't incur any cost for three years

    • @AccountingLectures
      @AccountingLectures  2 года назад

      Removed against expense. Please take a look at my website for additional resources : farhatlectures.com/

  • @serenaliu5031
    @serenaliu5031 2 года назад +3

    Why is cash $40,600 for $40,000 + $900 in the first example?

  • @abhinavpandey3022
    @abhinavpandey3022 3 года назад +2

    How to deal with over estimated Or under estimated waranty, can you please explain in little detail & service type warranty entries

  • @antonmursid3505
    @antonmursid3505 3 года назад +1

    Antonmursid🙏🙏🙏

    • @AccountingLectures
      @AccountingLectures  2 года назад

      Here's a list of all my courses: farhatlectures.pathwright.com/library/