Accountancy, asked by Mwcheng1, 1 year ago

which account trademarks will be shown?

Answers

Answered by sudhir262
1
A company's brand name, logos, slogans and designs help customers identify its products and tell them apart from competing products. Since trademarks hold future economic value, they fit the accounting definition of an asset, and therefore they would appear in the assets section.
Answered by rajeswar
0

Hope It Helps

Trademarks may be important for businesses nowadays. Customers are often ready to pay more for the recognized quality of branded goods that in turn stimulates companies to invest more in acquisition and development of trademarks. This article discusses the initial recognition, measurement and accounting for trademarks.A trademark may be a sign capable of distinguishing goods of one company from those of another, such as a word, logo, design, symbol, or sound. Even though the same differentiation for services is called a service mark, a trademark can refer to both goods and services. If a trademark is well-known among customers, it may be referred to as a brand.

They always try to bring economic profit comparing to other commodities and brand and quality differs .

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