Accounting entries for the sale of non-patented technology
Non-patented technology is accounted for in intangible assets accounting subjects.
The accounting entries for the sale of non-patented technology are as follows:
When an enterprise sells non-patented technology for accounting treatment, the difference between the price obtained and the book value of the intangible asset and the tax payable shall be included in the current profit and loss (non-operating income or non-operating expenditure).
Debit: bank deposit
Intangible assets impairment reserve
accumulated amortization
Non-operating expenses (debit balance)
Loan: intangible assets
Taxes payable-VAT payable (output tax)
Non-operating income (credit balance)
Intangible assets include social intangible assets and natural intangible assets, among which social intangible assets usually include patent right, non-patented technology, trademark right, copyright, land use right and so on.
The provision for impairment of intangible assets refers to the intangible assets whose recoverable amount is lower than their book value due to outdated technology, damage and long-term idleness at the end of the period, and the provision for impairment of intangible assets should be accrued.
Cumulative amortization is used to amortize intangible assets, and its balance is generally registered with the lender, who has accrued cumulative amortization. Cumulative amortization account is an asset account, which is used to calculate the amortization of intangible assets. Deductions listed as intangible assets in the balance sheet. Cumulative amortization only belongs to the adjustment subject of intangible assets, and the registration direction is opposite to that of intangible assets.
Non-operating expenses refer to all non-operating expenses except the main business cost and other business expenses. Such as fines, donations and extraordinary losses.