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View Full Version : What is the correct treatment for warranty expense?


prettykatkat
Nov 20, 2011, 10:50 PM
In a manufacuring company, for every unit you sold there is a service coupon worth P300. This refers to repair like tune up and other simple check up for free. Currently, this is part of warranty expense. Under IFRS (accounting pronciples) what should be the correct treatment for this?