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Collate formula warranty

Collate formula warranty easily

Aug 6th, 2022

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How to collate formula warranty

4.7 out of 5

62 votes

This video discusses how to accrue warranty expenses in financial statements. Warranty is a guarantee from a firm that the product purchased will not break, and if it does, it will be replaced. This guarantee creates a liability for the firm as they are obligated to replace the product. It is important to determine how to account for this liability in the financial statements.

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