Partnership to sole trader - CA's

Posted by blok PM | on Tue, 04/12/2012 - 17:02 509 4 comments | report

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

Comments

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Treated as continuing

Ford | Wed, 05/12/2012 - 11:43

.

blok | Wed, 05/12/2012 - 13:42

Accounts will need to ne prepared for

Marion Hayes | Wed, 05/12/2012 - 16:36

business/trade

Ford | Thu, 06/12/2012 - 18:40