Asset Transfer
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Last edited by: Monica.admin on 25-10-19 13:11:08 |
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iervsvsc
Senior Desi
Member since: Sep 18
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Posts: 111
Location:
 05-04-19 08:49:53
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nabilbb
Junior Desi
Member since: Oct 19
Posts: 1
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Asset Transfer
What are the accounting entries to transfer assets and liabilities from one Corporation to another?
There will be no payments and the two corporations have the same owners.
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25-10-19 11:43:16 |
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Full House
Senior Desi
Member since: Oct 12
Posts: 2551
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Please see BOTH Federal and Provincial websites.
It is possible. They do permit the same. I do the Accounting tasks for myself. You should consult your Accountant or search the Federal Websites too and come to your own conclusions. Here is the Provincial LINK.
https://www.fin.gov.on.ca/en/consultations/partnerships/tb043.html
Hope this helps.
FH.
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Quote:
Originally posted by nabilbb
What are the accounting entries to transfer assets and liabilities from one Corporation to another?
There will be no payments and the two corporations have the same owners.
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05-11-19 22:28:52 |
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