Accountancy, asked by keshavprajapati5272, 1 year ago

Patents entry in final account with adjustment​

Answers

Answered by Anonymous
18

patents is an so it goes in the assest side of the balance sheet. the adjustment will be depriciation, so the depriciated amount must be subtracted from patents and kept in assest and then the depriciation amount "önly"must be again recorded in the P & L a/c of debit side.

Answered by shreyamondal178
1

Answer:

patent rights had an estimated life of 8 years left

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