pgbp
Devesh Khurana (44 Points)
23 October 2016
why pre-incorporation profit are taken into account but pre-incorporation losses are not taken into account
1 Replies
sajal jain
(bhopal)
(16 Points)
Replied 24 October 2016
Loss prior to incorporation” is treated as a capital loss and, hence, the same is shown under the head “Miscellaneous Expenditure” in the assets side of the Balance Sheet.
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