The corresponding accounting entries are as follows:
Borrow: R&D expenditure-expenses
Credit: cash on hand/bank deposit.
The value of intangible assets created by an enterprise shall include all expenses incurred in the development process for creating the intangible assets. However, in order to stabilize and simplify accounting, the principle of handling research and development expenses stipulated in China's standards is that "intangible assets have been included in the current expenses before they are developed by themselves and successfully applied according to law, and the cost of intangible assets cannot be increased after the application is successful."
Extended data
Accounting treatment methods when intangible assets are successfully developed;
1. Non-cross-year accounting method According to the new accounting standards for intangible assets, the accounting treatment of R&D expenditure is as follows: if the R&D expenditure incurred by an enterprise does not meet the capitalization conditions, it will be debited to the capitalized expenditure account.
Credit "raw materials", "bank deposits" and "salaries payable to employees" and other subjects. If the research project achieves its intended purpose and forms intangible assets, it shall debit the intangible assets account and credit it to the capitalization account of R&D expenditure according to the account balance.
2. Cross-year bookkeeping method
In the description of the accounting content of the R&D expenditure account, the year-end treatment of this account is as follows: at the end of the period (month), the amount of expensed expenditure charged by this account is transferred to the management expense account, debited to the management expense account and credited to this account (expensed expenditure). The year-end debit balance of this course reflects the expenditure of intangible assets research and development projects that meet the capitalization conditions.
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