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Level 1

What account do we post equipment warranties to ?

 
2 Comments
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Level 15

What account do we post equipment warranties to ?

if you paid for the warranty, then use warranty expense

 

otherwise there is no entry

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Level 1

What account do we post equipment warranties to ?

Hi if I paid for the warranty on an home owners association HOA, in order to rent the property I have to make the warranty payment in case the tenant cause any damages on the club house or other common areas, how do I record this payment to the HOA, if nothing happens this payment will be return to me when the lease with the tenant expires.

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