Alpha Ltd. was incorporated on 1 st July 2000, to take over the business carried on by
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Alpha Ltd. was incorporated on 1st July 2000, to take over the business carried on by Gopal with effect from 1st April 2000. The following is the Profit & Loss A/c for the year ended 31st March 2001:
Ascertain profit prior to incorporation.
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To ascertain the profit prior to incorporation we need to calculate the profit earned by Gopal befor...View the full answer
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