Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

"An Inventory item is used against Warranty Service to Customer" - Any revenue is generated from this Transaction?

user-image
Question added by Mohammad Shamsuzzaman Shamo , Senior Manager , BRAC
Date Posted: 2014/04/05
Muhammad Zubair
by Muhammad Zubair , CFO / Chief Accountant , RH Group

Simply no

mohamed shahabdeen lantra
by mohamed shahabdeen lantra , Director , SOUTH ASIA TRADING COMPANY PVT LTD

No revenue is generated from this transaction. But satisfying customer will bring repeated sales.

but we see a weakness of service unable to repair the same product without issuing a replacement. This will result loss at the long run 

aziz urrehman
by aziz urrehman , key account executive , alkhair group of companies foam manufacturing

no revenue is already recorded when sales were made

Mohammad Shamsuzzaman Shamo
by Mohammad Shamsuzzaman Shamo , Senior Manager , BRAC

No, it is an expenditure for a business.

Manoharan Vallamunji Kasinathan Vallamunji
by Manoharan Vallamunji Kasinathan Vallamunji , Purchase Engineer (Supply Chain Management) , ITR MIDDLE EAST

Its will satisfy your customer but it wont generate any revenue.

Abd alwahab Alqaramseh
by Abd alwahab Alqaramseh , Material Section Head , CEGCO

I agree with Aziz the revenue is already done when sales were made 

More Questions Like This