New chager is given for free
Atharv Sankliya (1354 Points)
19 June 2022
new chager is given for free by an mobile shop in warranty period what is accounting treatment for it??
8 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 June 2022
Cost of Charger is included in cost of mobile.
naval rungta
(95 Points)
Replied 19 June 2022
Nothing is free. cost of Charger is in built in the price of mobile.
Atharv Sankliya
(1354 Points)
Replied 19 June 2022
1- if a customer purchased a charger of rs 2000 and after 10 days he come to replace it because it is not working
2 - if charger is given with mobile( in built) after 10 days it is replaced for the same reason stated above
2 - if charger is given with mobile( in built) after 10 days it is replaced for the same reason stated above
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 19 June 2022
But what shop keeper did with such charger replace or pay money
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 June 2022
Then show it as Warranty Expenses.
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