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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
In february
February,
Because its the sale point becuase of billing..
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
February
