WebNov 30, 2024 · Profit prior to incorporation is _____. (a) Capital profit (b) Goodwill (c) Revenue Profit (d) Distributable profit. ... In case of determining profit between pre … WebNet Profit (Rs.54,000 being pre incorporation profit is transferred to capital reserve Account) 2,87,000 54,000 2,33,000 Working Notes: 1. Sales ratio: The sales per month in the first half year were half of what they were in the later half year. If in the later half year, sales per month is Re.1 then it should be 50 paise per month in the

Treatment of Profit or Loss Prior to Incorporation - Accounting

WebApr 18, 2024 · MCQ's of Profit Prior to Incorporation Sem IV Mumbai University - YouTube 0:00 / 11:03 MCQ's of Profit Prior to Incorporation Sem IV Mumbai University 1,528 views Apr 18, … http://dvcgoregaon.edu.in/wp-content/uploads/2024/04/SYBCom-AFM-sem-IV.pdf the tourist experience: a new introduction

Profit prior to incorporation - UNIT PROFIT PRIOR TO INCORPORATION …

WebThe profit earned prior to incorporation i.e., 1.1.2004 to 31.3.2004 is known as PRE-INCORPORATION PROFIT, which cannot be taken as revenue profit, but is CAPITAL PROFIT. Such profit is to be transferred to CAPITAL RESERVE or may be used in writing down capital loss. When, there arises a loss in the pre-incorporation period, the loss should be ... WebAnswer: Net profit: Prior-Incorporation Rs,22,000; Post-Incorporation Rs,95, 11. REFERENCE BOOKS 1. Gupta R. and Radhaswamy M., Corporate Accounting, Sultan Chand & Sons, … WebFeb 24, 2024 · Balance of profits & loss account 2. Capital Reserve 3. Dividend Equalization Fund 4. Development Rebate Reserve 5. Profit Prior to Incorporation Select the correct answer from the options given below (A) 1, 3, and 5 only (B) 2 and 4 only (C) 1 and 3 only (D) 1, 2, 3, and 5 only Answer: (C) 1 and 3 only Question 12. Bonus issue can be made on seven day weather forecast buffalo ny