There are many intangible assets, including patent rights, trademark rights, financial assets, etc. Intangible assets can also be bought and sold. How to account for the purchase of trademark rights?

Accounting treatment for purchasing trademark rights

Debit: intangible assets

Taxes payable - value-added tax payable (input tax)

Loans: bank deposits, etc.

How do you understand intangible assets?

Intangible assets refer to identifiable non-monetary assets that have no physical form. Broadly defined intangible assets include monetary funds, financial assets, long-term equity investments, patent rights, trademark rights, etc., because they appear as certain legal rights or technologies without material entities. In accounting, intangible assets are usually understood in a narrow sense, that is, patent rights, trademark rights, etc. are called intangible assets.

The "intangible assets" account is an asset account. The debit side reflects the value obtained by the intangible assets, and the credit side reflects the value transferred out after the business occurs and the value of periodic amortization. Its balance is on the debit side and represents the net value of intangible assets.

What are the taxes payable?

The "Taxes Payable" account accounts for various taxes that enterprises should pay in accordance with tax laws, including but not limited to value-added tax, consumption tax, income tax, urban maintenance and construction tax, resource tax, and land use tax. , land value-added tax, real estate tax, education surcharge, personal income tax, vehicle and vessel tax.

The "taxes payable" account is a liability account and should be accounted for according to the tax type payable, such as "value-added tax payable", "corporate income tax", "local education surcharge", "land Set up detailed accounts for detailed accounting, such as "value-added tax", "deed tax", and "urban maintenance and construction tax".

What is a bank deposit?

Bank deposits are funds stored in banks and are a component of monetary funds.

Bank deposits are an account of an asset nature. The debit side represents an increase, the credit side represents a decrease, and the ending balance is on the debit side.

Bank deposit accounts are divided into basic deposit accounts, general deposit accounts, temporary deposit accounts and special deposit accounts.