Log in

View Full Version : Ask an accountant a question for free


Loyce
Nov 15, 2012, 06:54 AM
Two companies, intercompany accounts, one company pays a 12 month overhead insurance policy, allocating a portion to second company, expensing over twelve months.

Question: Am I required to expense over 12 months the portion allocated to the second company?

paraclete
Nov 15, 2012, 04:24 PM
The second company should do that