Work in Progress

MichelleWoodMichelleWood Just JoinedRegistered Posts: 3
Hello

I was wondering if any one could help me! I have taken on a new client which is also a new partnership. The orginal partnership broke down and split into two. When the new partnership started they had £100K of WIP, carried forward. What would be the double entry? Would it go to the capital account and WIP?

Many thanks for any help you can give me.

Michelle
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