Independent research and development of a patent requires 2000 yuan of raw materials, and the value-added tax is 340 yuan. The cost of this material does not meet the capitalization conditions. How to make an entry?
According to the new accounting standards, all expenses incurred in the research and development of intangible assets are collected in the subject of "R&D expenses", and R&D expenses that do not meet the capitalization conditions are included in the current profit and loss.
When expenses are incurred:
Debit: R&D expenditure 2340
Loan: raw materials 2000
Taxes payable-VAT payable (transfer-out input tax) 340
At the end of the period, the enterprise should transfer the amount of expensed expenditure collected from the "R&D expenditure" subject to the "management expenses" subject.
Borrow: management fee -R&D fee 2340
Loan: R&D expenditure-expense expenditure 2340