What will be entry for excess amount paid by the principal on account of warranty receivable?

أفضل جواب: if sales revenue earned, then it should be record. I recommend that Accountants should not wait until col ... الإطلاع على المزيد

أفضل جواب: If the excess amount is due to price hike the journal will be as normal journal such as Inventory A/C …… ... الإطلاع على المزيد

أفضل جواب: Have to raise a Debit Note  الإطلاع على المزيد

أفضل جواب: Cash A/c-Dr To Partner -A/c (Being cash received from partner) الإطلاع على المزيد