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.

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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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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