WIP AND DEBTORS ON ACQUISITION

WIP AND DEBTORS ON ACQUISITION

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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

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