hi there,
My company is going to purchase a club debenture wth the following details
Debenture face value USD 200,000
Transfer fee pay to company "A" USD 100,000
Buying price pay to the seller Club B USD 150,000
A and Club B are different companies
Can anyone tell me what are the accounting entries necessary to record this transaction please? Many Thanks
G.M
My company is going to purchase a club debenture wth the following details
Debenture face value USD 200,000
Transfer fee pay to company "A" USD 100,000
Buying price pay to the seller Club B USD 150,000
A and Club B are different companies
Can anyone tell me what are the accounting entries necessary to record this transaction please? Many Thanks
G.M