Pre incorporation Profit

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Jignesh (Querist)
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23 May 2008 Hello sir,

I just wanted to know that is there any AS which supports capitalisation of pre incorporation profits in the books of accounts?

CA. Vineet Grover

CA. Vineet Grover (Expert)
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23 May 2008 Hi Jignesh,

PLease refer AS-16, Accounting for Borrowing Costs.

Rgds/
Vineet

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Pre incorporation Profit

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