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Old co whose land is on lease
12-22-2010, 12:41 PM
Post: #1
Old co whose land is on lease
we bought an already established co.whose land was on lease.we changed Company name and shareholders through legal procedure and paid the expenses for all addition to the above we paid 300,000 to the old company which took the responsibility of all company's debts and obligations....but this thing is verbal not in question is how will we show this amount in accounts,by which name...and also wot is the legality of this transaction.....
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