State the accounting treatment of pre-incorporation profit / loss.
Question:
State the accounting treatment of pre-incorporation profit / loss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Preincorporation profit or loss refers to the profit or loss generated by a business entity before it is formally incorporated as a legal entity This ...View the full answer
Answered By
Mark Odhiambo Odero
As a Bachelor of Education graduate from KIbabii University and an assistant lecturer at JKUAT, I have gained extensive experience and developed professional qualities that make me a great candidate for an academic writer at SolutionInn.
Firstly, I have a strong passion for education and tutoring. This passion has motivated me to pursue a career in education and has helped me to become an effective educator. I believe that education is the key to unlocking the potential of individuals, and I am committed to helping students achieve their full potential. My passion for education has also helped me to stay up-to-date with the latest developments in education and teaching methodologies.
Secondly, I possess excellent communication skills. Communication is an essential aspect of education, and as an assistant lecturer, I have developed effective communication skills that have helped me to interact with students, colleagues, and senior lecturers effectively. I am able to communicate complex ideas in a simple and understandable way, and this has helped me to build strong relationships with my students.
Thirdly, I have strong organizational skills. As an assistant lecturer, I am responsible for preparing course materials, grading assignments, and keeping track of student progress. These responsibilities require a high level of organization and attention to detail, and I have developed effective organizational skills that enable me to manage these tasks effectively. These skills will be useful in my role as an academic writer at SolutionInn, where I will be required to manage multiple projects and meet tight deadlines.
Fourthly, I am a self-motivated and proactive individual. I take the initiative to identify problems and find solutions to them, and I am always willing to go the extra mile to ensure that I deliver high-quality work. I am also a fast learner and can adapt to new situations quickly, which is essential in the fast-paced world of academic writing.
Lastly, I possess excellent research skills. As an academic writer, research is an essential aspect of my job, and I have developed effective research skills that enable me to find relevant and reliable information quickly. I am also proficient in using various research tools and software, which will be useful in my role as an academic writer.
In conclusion, my professional qualities make me a suitable candidate for an academic writer at SolutionInn. I am passionate about education, possess excellent communication and organizational skills, am self-motivated and proactive, and have excellent research skills. I believe that these qualities will enable me to deliver high-quality work and help students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted:
Students also viewed these Business questions
-
Concept: Identify and explain one way in which the DuPont Analysis of return on equity can be used to support managerial decisions. 2) Solution: Walk through the DuPont Analysis of ROE and...
-
In 2020, you had become the Senior Account Executive in Diva Land Berhad. A junior account executive had come to you to ask on few issues regarding government grants. Junior : Firstly, I would like...
-
A Ltd is a company which specialises in the processing of canned beans and canned spaghetti for sale to retail shops. The canned beans are processed from beans bought in directly from UK farmers. The...
-
Find the indefinite integrals (a) sin 3x cos 5x (b) cos 7x cos 5x (c) sin 2 x (d) cos 2 x (e) cosh 2 x (f) sinh(5x + 1)
-
What are the basic advantages to the corporation of issuing convertible securities?
-
Use the Internet to conduct research related to whistleblower processes. Prepare a report summarizing key characteristics for the operation of an effective corporate whistleblower hotline. Be sure to...
-
In a 4-stage turbine, steam is supplied at \(300 \mathrm{~N} / \mathrm{cm}^{2}\) and \(3800 \mathrm{C}\). The exhaust pressure is \(0.05 \mathrm{~N} / \mathrm{cm}^{2}\) and the overall turbine...
-
The accounting records of Lawrence Fur Traders include these accounts: Requirement 1. Compute Lawrences net cash provided by (used for) operating activities during October. Use the indirect method....
-
Thomas and his wife Diana have operated their children's daycare for the last three years. They also own the daycare facility, a building, and the adjacent land on 1322 Glades Road. They have limited...
-
Profit earned before incorporation is a/an A. Extra ordinary profit B. Revenue profit C. Capital profit
-
Profit prior to incorporation is A. Debited to Goodwill Account B. Credited to General Reserve Account C. Credited to Capital Reserve Account
-
How does a MAX II CPLD accomplish instant on at power-up in an application?
-
You have just purchased a municipal bond with a \($10\),000 par value for \($9\),500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is...
-
What is the effective annual interest rate for 10 percent compounded (a) semiannually, (b) every 4 months, (c) quarterly, (d) every other month, (e) monthly?
-
A total of \($50\),000 is borrowed and repaid with 60 monthly payments, with the first payment occurring 1 month after receipt of the \($50\),000. The stated interest rate is 6 percent compounded...
-
How long, to the nearest year, does it take an investment at 6 percent compounded annually to (nearly, more or less) a. double itself? b. triple itself? c. quadruple itself?
-
How much money must be deposited now in order to withdraw $10,000 in 4 years if interest is 5 percent compounded quarterly?
-
Describe several trends that are driving markets today and their impact on small businesses.
-
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
-
____________ is referred to as the excess of expected average profit over normal profit.
-
True and False. While computing average capital employed, provision for taxation should be treated as a part of profit.
-
The average rate of return of similar firms in the similar industry is to be taken as: (a). Normal rate of return (b). Expected rate of return (c). Average rate of return (d). None of these
-
Conduct a preliminary review of your hypothetical organization. This review should include business mission, organizational structures, culture, IS, products and services, infrastructure and...
-
In an interview about AIRBNB industry. What questions would you ask as the interviewer? What answers would you give to those questions as the interviewee? When writing your questions and answers,...
-
We all love to listen to music. There are many ways to listen; some you pay for and some you don't. Some musicians make money and some do not. SoundCloud is trying to get more money from streaming...
Study smarter with the SolutionInn App