Wanda Ltd provides a warranty on goods sold which allows customers to return faulty goods within one
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Wanda Ltd provides a warranty on goods sold which allows customers to return faulty goods within one year of purchase. At November X Wanda Ltd had a warranty provision of During the year to November X the cost of warranty claims was At November X the warranty provision was calculated as
What is the amount of the warranty expense that should be included in Wanda Ltds statement of profit or loss for the year to November X
Related Book For
Auditing & Assurance Services
ISBN: 978-1260703733
8th Edition
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
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