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 1st July 2008 in order to purchase a running business from 1st 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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