Royalty payments

This topic has 3 replies, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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September 2, 2020 at 3:11 pm #583137
Anuja Nair
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Hi sir, is receiving royalty payments a form of intangible asset as per IAS 38 ?
September 3, 2020 at 1:32 pm #583271
Stephen Widberg
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It cannot be.

Debit cash credit royalty income in the profit and loss
September 3, 2020 at 5:38 pm #583287
Anuja Nair
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Thank you.
September 4, 2020 at 11:43 am #583414
Stephen Widberg
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My pleasure
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