In trial balance patents come under capital or assets or liabilities?

sargam6 Posts: 1, Reputation: 1

New Member

May 29, 2015, 05:49 AM

In trial balance patents come under capital or assets or liabilities?

In trial balance patents come under which head?

pready Posts: 3,197, Reputation: 207

Ultra Member

May 29, 2015, 08:11 AM

Patents are an asset.

jerileycpa Posts: 27, Reputation: 2

Certified Public Accountant

Jun 1, 2015, 03:51 PM

An intangible asset to be precise.

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