Retail
Municipality License & Trade Fee
Paying the annual commercial license and municipality fees to operate the retail store.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Prepaid Licenses & Fees | Asset (+) | 1,200.00 | - |
| Cash / Bank | Asset (-) | - | 1,200.00 |
💡 Accountant's Note
Annual licenses are prepaid assets amortized monthly. Without a valid trade license, the store cannot legally operate.
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