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Possible Way To Create Asset For New Transaction Created After Company Rebranding

edited Apr 3, 2024 8:57AM in Assets 1 comment

Summary:

Hi All,

We have business requirement where existing company merge with another company and will become new company. Business going to be rebrand and for new asset transaction they asking any one of the below requirement to be fulfill. Please suggested is the feasible to do or any other possible to capture new transaction.

Option 1: New transactions occurring from October onwards can be combined with existing assets.

However, these new transactions will not be copied to the Tax book. Instead, they will be placed under existing asset numbers within the same corporate book.

Option 2: New asset number for new transactions from October onwards, a new asset number will be created.

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