Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

Journal entryBeginnerVariant — group VG.IAS38.000401Published

Question · Research expenditure

As part of the research phase of an internal project, Orvane is studying new lightweight alloys. This quarter, it receives an invoice from a university laboratory for 38,000 of tests, not yet paid, and pays 12,000 in cash in fees to independent researchers. Record the entry for the quarter.

Tests invoiced by the laboratory (unpaid)
38,000
Fees of independent researchers (paid in cash)
12,000
Your answer
  1. Line 1

    Account Research and development expense

  2. Line 2

    Account Trade payables

  3. Line 3

    Account Cash

← Back to the concept