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    hazeldiane's Avatar
    hazeldiane Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 6, 2013, 05:01 PM
    Partnership
    I want to ask how or what is the treatment of allowance for doubtful accounts and accumulated depreciation in establishing a partnership ?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Nov 6, 2013, 09:32 PM
    Allowance for doubtful accounts are recognized, while accumulated depreciation is netted off against cost.
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