Work in Progress

MichelleWood Registered Posts: 3 New contributor 🐸

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.

Privacy Policy