Work in Progress
MichelleWood
Registered Posts: 3 New contributor 🐸
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
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
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership