Accounting entry of trademark transfer fee
For enterprises that have obtained trademark rights, the trademark transfer fees paid by enterprises can be included in the intangible assets account. If the transfer fee paid is low, it can also be directly included in the current expenses. The following entries can be made for the trademark transfer fee received by the enterprise that transfers the trademark right:
Borrow: bank deposits, etc.
Loans: other business income, etc.
Taxes payable-VAT payable
Other business income refers to the inflow of economic benefits formed by daily activities such as selling goods, providing labor services and transferring the right to use assets other than the main business income of an enterprise. Such as selling materials, materials and packaging materials, transferring intangible assets, leasing fixed assets, leasing packaging materials, transporting and selling waste materials, etc.
Bank deposits are the monetary funds deposited by enterprises in banks or other financial institutions. According to business needs, enterprises open accounts in local banks, and use the opened accounts to handle deposits, withdrawals and various income and expenditure transfers.
Bank deposits of enterprises mainly include: settlement account deposits, letter of credit deposits, foreign deposits, etc. The cashier is responsible for the receipt and payment of bank deposits. Every bank deposit income and expenditure business must prepare accounting vouchers according to the audited original vouchers.
In accounting, bank deposits are assets. The last balance is on the debit side. In accounting entries, debit indicates increase. The lender indicated a decrease.
Accounting entries for purchasing trademark rights
Borrow: intangible assets
Taxes payable-VAT payable (input tax)
Loans: bank deposits, etc.