XYZ Ltd. Company was incorporated on 1 st July 2008 in order to purchase a running business

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XYZ Ltd. Company was incorporated on 1^st July 2008 in order to purchase a running business from 1^st January 1998. From the following particulars, calculate pre-incorporation loss:

(a). Total sales for the year 2008 was ₹4,50,000

(b). Sales from 1st January 2008 to 30th June 2008 ₹1,50,000

(c). Gross profit for the whole year ₹1,35,000

(d). Establishment expenses ₹92,500.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Sep 01, 2023 05:00 AM

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XYZ Ltd. Company was incorporated on 1 st July 2008 in order to purchase a running business

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To calculate the preincorporation loss for XYZ Ltd Company we need to consider the sales and expense...View the full answer

Corporate Accounting

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