The income obtained by an enterprise from trademark transfer can be accounted by the main business income account, which belongs to the category of intangible assets transfer income. How to make an accounting entry for trademark transfer fee?

entry of trademark transfer fee

the transfer fee of a trademark belongs to the transfer income of an intangible asset for the transferred enterprise, and is included in the main business income or other business income items, and its entry is:

debit: bank deposit, etc.

loan: main business income

tax payable-value-added tax payable-output tax

for the enterprise that purchased the trademark right. The entry is:

Borrowing: intangible assets-trademark rights

Taxes payable-VAT payable-input tax

Loans: bank deposits

How to understand intangible assets?

definition: intangible assets refer to identifiable non-monetary assets that have no physical form and are owned or controlled by enterprises.

features: 1. It has no physical form

2. It is distinguishable

3. It belongs to non-monetary assets

Contents: patent right, non-patented technology, trademark right, copyright, land use right, franchise, etc.

Confirmation conditions: 1. The economic benefits related to the intangible assets are likely to flow into the enterprise

2. The intangible assets.