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
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