Good Morning,
Company (A) has purchased an existing company (B) in Canada (company A is based in the US), the question I have may seem "stupid like" so bare with me....
My question is - why would company A need to create a Receivable for Company B?
Keeping in mind Company B's financials will be consolidated into Company A's for Reporting purposes & as far a I know Company B will be holding their own Receivables & Payables themselves.
Company (A) has purchased an existing company (B) in Canada (company A is based in the US), the question I have may seem "stupid like" so bare with me....
My question is - why would company A need to create a Receivable for Company B?
Keeping in mind Company B's financials will be consolidated into Company A's for Reporting purposes & as far a I know Company B will be holding their own Receivables & Payables themselves.