Partnership to sole trader - CA's | AccountingWEB

Partnership to sole trader - CA's

P'ship of 2 people.  one partner dies on 30 September and the other person carries on as sole trader without a "disposal" of the assets of the old p'ship.  One set of accounts to 31 March are prepared.

The business spends £10,000 on P&M in the period to 30 September and £20,000 in the the period after.

What is the position with AIAs and WDAs

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Treated as continuing

Ford |
Ford's picture


blok |
blok's picture

Accounts will need to ne prepared for

Marion Hayes |
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Ford |
Ford's picture