19 April 2008
We are running A Tata Motors Limited Authorised Service Station. we have issued some spares to the customers on Warranty replacement. at the time of issue of the material we are passing an entry in books by debiting warranty claims receivable A/c and crediting to Sales A/c. is it correct ot not crediting to sales or purchases please clarify
19 April 2008
you will replacement of spare parts to the client and co. give you credit notes so that is your sale it is correct methods followed by you
CAclubindia
