Incorporation of business
This query is : Resolved
04 July 2008
hi, i have a doubt regarding the incorporation and commencement of business
1 Any profit earned by a company before incorporation of business is considered as pre incorporation profit
however, 'if a public company earned any profit before commencement of business certificate and after incorporation' then what shall such profit be called.
2 can u give me clear information of about when a capital workinprogress and any expenditure earned before or at the starting of the business be considered as capital workinprogress
(RESOLVE MY QUERIES PLEASE)
1 Any profit earned by a company before incorporation of business is considered as pre incorporation profit
however, 'if a public company earned any profit before commencement of business certificate and after incorporation' then what shall such profit be called.
2 can u give me clear information of about when a capital workinprogress and any expenditure earned before or at the starting of the business be considered as capital workinprogress
(RESOLVE MY QUERIES PLEASE)
04 July 2008
1. It is a post incorporation profit only..PROFIT EARNED AFTER INCORPORATION...
2. capital work in progress refers to the cost incurred in constructing a capital asset which is in progress....
2. capital work in progress refers to the cost incurred in constructing a capital asset which is in progress....
04 July 2008
1. Profit earned before pre-incorporation is called, pre incorporation profit, but profit earned after obtaining certificate of commemncement of business is called Profit from business.
2.Expenditure incurred on construction of a capital asset is called Capital work in progress.
2.Expenditure incurred on construction of a capital asset is called Capital work in progress.
04 July 2008
Agree with the above views
04 July 2008
I agree with the above views
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