The Medisol clinic pays 95,000 in cash for imported medical imaging software, together with 1,900 of import duties that it will not be able to recover. A consultant, who charges 3,100 payable the following month, checks that the images display correctly before first use. Record the acquisition.
- Software price (paid in cash)
- 95,000
- Non-refundable import duties (paid in cash)
- 1,900
- Testing fees (payable)
- 3,100