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What is the journal entry to record transfer of asset from one company to another company?...

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Accounting

What is the journal entry to record transfer of asset from onecompany to another company? Is the journal entry for transfer of anasset different from disposal of an asset?

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Journal for transferring asset from one company to another is as follows Accumulated depreciation xxxxx Subsidiary account xxxxx Asset Account xxxxx Asset transferred to another company If asset is transferred to another Company in case of a    See Answer
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What is the journal entry to record transfer of asset from onecompany to another company? Is the journal entry for transfer of anasset different from disposal of an asset?

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