Warranty expense should be recorded in the period:

Name: Warranty expense should be recorded in the period:
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Warranty expense should be recorded in the period that the product is sold. This is based on the matching principle in accounting, where expenses should be recognized in the same period as the revenue they helped to generate. The warranty is considered an expense associated with the sale of the product and should be recognized at the time of the sale.

Warranty Expense Should Be Recorded in the Period