Solved: Discuss the actions of leo in relation to the new company, Cost Accounting

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Discuss the actions of leo in relation to the new company

Leo and Melanie decided to incorporate a company, to be called halcyon Daze Pty Ltd, to carry on their new business as Internet service providers. Immediately the decision was made, Leo signed a lease of premises for the new business in his own name.The company was register and the business was conducted from the new premises.

Discuss the actions of Leo in relation to the new company. Does the new company have to pay the lease and if so what would be the procedure?

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Cost Accounting: Discuss the actions of leo in relation to the new company

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