Financial reporting | AccountingWEB

Financial reporting

Hi

I transferred one of my client's partnership business into a company in 2013 and now i am in the process of finalising company' first annual accounts.

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I don’t expect many will be able to answer this, but if people can contribute any input to any sub-problem, I will be happy.

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A business has purchased another company (both are limited companies). It paid £550,000 for the new subsidiary, with net asset value of £475,000 so goodwill of £75,000.

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Hello,

Please can I have some help with a Debit/Credit issue?

 

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I have a new client who wishes to use Work in Progress for software development work the company has undertaken.

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We have a new client start up who is approaching VAT threshold in next few weeks. The client runs a shop selling groceries and alcohol. This is our first shop client.

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Our US sister site AccountingWEB.com posted a thought-provoking item last week in which Diana Mackie explored ways that

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