True and False. Pre-incorporation loss may be treated as revenue loss and debited to profit and loss

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True and False. Pre-incorporation loss may be treated as revenue loss and debited to profit and loss account.

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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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True and False. Pre-incorporation loss may be treated as deferred revenue expenditure and written off out of the profits of the company over a period of time.
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True and False. Pre-incorporation loss may be treated as revenue loss and debited to profit and loss

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Corporate Accounting

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