Warranty Liability: It is the liability where seller promises to the customer that, if his product fails to perform work within the given time .it will be his obligation to replace and repair the defective part of product. After completing the given time, there will not be any obligation towards the product. To identify: Warranty expenses

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Chapter 9, Problem 4MCQ

To determine

Warranty Liability:

It is the liability where seller promises to the customer that, if his product fails to perform work within the given time .it will be his obligation to replace and repair the defective part of product. After completing the given time, there will not be any obligation towards the product.

To identify: Warranty expenses

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