Does the outgoing practioner collect the debtors whilst the incoming practioner pay for the WIP (ie stock @ Valuation). Is there a norm for valuing WIP ie based on recovery rate or age of WIP. Guidance appreciated from those who have taken over a practice on how best to deal with this.
Thanks
Rob
ROB
25th Jun 2007
0
WIP AND DEBTORS ON ACQUISITION
WIP AND DEBTORS ON ACQUISITION