Which of the following expensesrelate only to the Pre IncorporationPer

1.	Which of the following expensesrelate only to the Pre IncorporationPeriod
Answer» Answer: When a RUNNING business is TAKEN over by the promoters of a COMPANY, as at a date prior to the date of incorporation of company, the amount of profit or loss of such a business for the period prior to the date the company came into EXISTENCE is referred to as pre-incorporation profits or LOSSES

Which of the following expensesrelate only to the Pre IncorporationPeriod

Answer»

Answer:

When a RUNNING business is TAKEN over by the promoters of a COMPANY, as at a date prior to the date of incorporation of company, the amount of profit or loss of such a business for the period prior to the date the company came into EXISTENCE is referred to as pre-incorporation profits or LOSSES

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Which of the following expensesrelate only to the Pre IncorporationPeriod

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