Question

1. Why is it necessary to find out profit prior and after incorporation ? Explain it in detail.
the​

Answer 1

Profit prior to incorporation is the profit earned or loss suffered during the period before incorporation. It is a capital profit and not legally available for distribution as dividend because a company cannot earn a profit before it comes into existence.

Answer 2

Answer:

Profit prior to incorporation is the profit earned or loss suffered during the period before incorporation. It is a capital profit and not legally available for distribution as dividend because a company cannot earn a profit before it comes into existence.

Explanation:

brainlist