Ledger account to be debited

Dear Experts

Party will provide a link and/or deliver database electronically which the receiver company will use by trying to procure prospective work orders after contacting the contacts in data base.

Which ledger account should ideally be debited in books of account.

Regards

 

Replies (4)
Quick Summary
This discussion explores which ledger account should be debited when a company procures a customer database. The consensus suggests treating this database as an intangible asset. Therefore, the appropriate ledger account to debit would be 'Intangible Assets', reflecting its value as a real account with a debit balance.

This is like customer lists. If you look at intangible assets ledger, it's a real account and debit balance. 

In the Intangible assets ledger on the debit side 'To Bank' and on the credit side of the ledger 'By customer lists'

This is like customer lists. If you look at intangible assets ledger, it's a real account and debit balance. 

In the Intangible assets ledger on the debit side 'To Bank' and on the credit side of the ledger 'By customer lists'

This is like customer lists. If you look at intangible assets ledger, it's a real account and debit balance. 

In the Intangible assets ledger on the debit side 'To Bank' and on the credit side of the ledger 'By customer lists'

This is like customer lists. If you look at intangible assets ledger, it's a real account and debit balance. 

In the Intangible assets ledger on the debit side 'To Bank' and on the credit side of the ledger 'By customer lists'

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