A staff member accidentally broke the rear drum of a customers vehicle which had to be replaced at company expense. How do I allocate this to my ledger accounts?
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A staff member accidentally broke the rear drum of a customers vehicle which had to be replaced at company expense. How do I allocate this to my ledger accounts?
Depending upon the circumstance
Debit public liability expense credit cash
Debit warranty expense credit cash
Debit public relations expense credit cash
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