Patents right entry final account
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Answer:
Patent rights can't be write as journal entry... But it can show in Balance sheet as Current Asset under Intangible assets...
Explanation:
Assets - Property or money of a company it can be physcial or not...
Ex:- Furniture, Machinery, Plant, Computers etc
Assets are two types... it can be tangible in nature i.e, which can be touched and feel and intangible assets - which can't be touched but its exist like Good will of company is a type of asset, Patents rights etc
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