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متابعة

ONECO gives a one-year warranty on all of its equipment. In January, a customer placed an order for a piece of equipment.

The equipment was delivered and billed in February. The customer remitted half of the cash due in March and the other half in April. According to the matching principle of accounting, in which month should ONECO report estimated warranty expense related to the sale? a. January b. February c. march d. April

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تم إضافة السؤال من قبل SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
تاريخ النشر: 2014/04/20
Mukkaram Siddique
من قبل Mukkaram Siddique , Finance, Management & Stocks , Amazon Foods Saudi Arabia

February,

Because its the sale point becuase of billing..

مستخدم محذوف‎
من قبل مستخدم محذوف‎

In Feburary because in this month the sale took place i.e ownership was transferred and following the matching principle the estimated warranty expense relating to this sale should be recognised with it.

so B

المزيد من الأسئلة المماثلة