The answer is 391 667
I think it is right so be sure to check just in case
good luck
A regular outcome could be a lot of hate from co-workers and your boss, and eventually you might be put on admin leave or fired.
Answer:1. Make provision for warranty claims.
2. Disclosure of contingent liability
3. No cost should be recorded.
Explanation:
Warranty is an assurance made by firms to make good any agreed loss that is incurred by the customers in usage of goods and services whiting the period of the warranty. Since an estimation can be made based on firms history of sales a provision has to be made for possible warranty.
Since it's only probably that a loss will be Incurred by the firm by going into the contract and the financial statement has not been issue the firm should made a contingent liability disclosure in the report.
The self insurance is not a contract with a third party, in this vein no cost will be accrued until the loss is actually suffered.
Accounting information system integration is the process of standardizing the procedure for recording transactions and disseminating financial information. <span />
