Dravida Nadu Enterprise decided to convert his firm into a limited company with effect from 1 st April 1996. But

Question:

Dravida Nadu Enterprise decided to convert his firm into a limited company with effect from 1st April 1996. But he obtained the certificate of incorporation on 1st August 1996 and certificate to commence business on 1st October 1996. His accounts were closed on 31st December 1996. Work out time ratio for ascertaining pre-incorporation profit.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Related Book For  answer-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

Question Details
Chapter # 6- PROFITS PRIOR TO INCORPORATION...
Section: EXERCISES AND PROBLEMS
Problem: 1
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: September 01, 2023 05:00:32