NOTE 7 - RELATED PARTY TRANSACTIONS
|9 Months Ended|
Jul. 31, 2022
|NOTE 7 - RELATED PARTY TRANSACTIONS||
NOTE 7 – RELATED PARTY TRANSACTIONS
During the nine-months ended July 31, 2022 and 2021, the Company recorded $1,215 and $0, respectively in related party receivables for payments made on behalf of an affiliated entity.
In conjunction with the transaction to acquire an interest in Financier, the Company issued a zero interest rate note in the amount of $95,000, payable in equal installments of $1,583 for a period of sixty months, see Note 4.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef