Question

10.Salesmen's Commission is divided in profit prior to incorporation according to
GU 2019
a. Time Ratio
c. Prior to incorporation period
b. Turnover ratio
d. Post incorporation period

Answer 1

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Answer 2

Option (C). Turnover Ratio

Salesmen's Commission is divided in profit prior to incorporation according to

GU 2019.

1. Time ratio is a ratio considered an interval or within a particular period, but salesman commission cannot be calculated on that basis.
2. Prior to the incorporation period is referred to as a profit of a business for the period prior to the date of the company, salesman commission will not be taken into consideration.
3. Post incorporation period means all taxable periods beginning on or after the Controlled Incorporation Date.