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Profits prior to incorporation

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2010 On what basis do you apportion selling expenses?
time basis or sales basis?
because in the IPCC november 2009 solutions it is given time basis. but in the text book it has been said that any expenses related to sales should be apportioned on sales basis. what is the correct method?
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CA Amit Joshi

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CA Amit Joshi (Expert)
31 August 2010 It should be apportion on sales basis.
In the exm Q may because of other information it is apportion on time basis.

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