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Closing company and transferring funds.
10/17/09 9:47 AM, Viewed by asker 10/19/09 6:53 AM
Total Views: 41
Total Views: 41
Our company was bought and I had to transfer our funds to the new owner. How do I record the sale of the company and the transfer of asset?
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Answer
10/18/09 12:59 PM
Talk to the company's accountant. We can't read the contract and don't have any details of the transaction. Only someone that knows the details could answer this question properly.
Marc Barnes
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