Accounting entries for purchasing trademark rights
Borrow: intangible assets
Taxes payable-VAT payable (input tax)
Loans: bank deposits, etc.
The enterprise receives the accounting entry of the input trademark right.
Borrow: intangible assets
Loan: paid-in capital
What is intangible assets?
Intangible assets, that is, identifiable non-monetary assets without physical form owned or controlled by enterprises. Intangible assets include patent right, non-patented technology, trademark right, copyright and other rights.
If an asset meets one of the following conditions, it meets the identifiability standard in the definition of intangible assets:
1, which can be separated or split from the enterprise, and can also be used for sales, transfer and authorization. Alone or together with related contracts, assets or liabilities.
2, from the contract rights or other legal rights, regardless of whether these rights can be transferred or separated from the enterprise, or other rights and obligations.
At the same time, intangible assets can only be recognized if they meet the following conditions:
(1) The economic benefits related to the intangible assets are likely to flow into the enterprise;
(2) The cost of the intangible asset can be measured reliably.
What is a bank deposit?
Bank deposit is the currency deposited in the bank, and it is an integral part of monetary funds. Bank deposits mainly include: settlement account deposits, letter of credit deposits, foreign deposits, etc.
Bank deposits belong to asset subjects. Asset accounts usually include: cash on hand, bank deposits, other monetary funds, transactional financial assets, notes receivable, accounts receivable, prepayments, bad debt provision, material procurement, dividends receivable, interest receivable, other receivables and packaging.