Examlex
An example of an intangible asset is
Journal Entry
A record in accounting that notes the specifics of a financial transaction, including date, amounts, and affected accounts, ensuring the accuracy of financial statements.
Raw Materials Account
An account in financial accounting that tracks the cost of materials not yet processed into finished goods.
Direct Materials Cost
The cost of raw materials that are directly traceable to a finished product and an essential part of manufacturing the product.
Transfer of Completed Goods
The movement of goods that have been finished in the manufacturing process from the production area to inventory or directly to sales.
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