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    sharjah25's Avatar
    sharjah25 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 28, 2010, 01:15 PM
    My company is paying a trade license. How should I account it?
    The company is paying a trade license and a key money which expires a year
    How should I journalize or account it
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    May 29, 2010, 12:01 AM

    The license you should just be able to expense.

    I don't know what key money is.
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