A company which was incorporated on 1st August, 2015, acquired a business with effect from
1st April 2015. The accounts of the company were closed for the first time on 30th September,
2015, disclosing a gross profit of 84,000. The establishment charges were * 21,330; directors
fees 32,000 per month, preliminary expenses 4,000, Rent * 12,000 (after incorporation the
monthly rent was doubled).
Prepare profit and loss account showing profit prior and subsequent to incorporation assuming
that net sales were 6 lakhs, the monthly average of which for the first four months was half
that of the remaining period.
[DAVV 1996 Modified Main)
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Answer:
kkegh8284:582-$:4+
Explanation:
9384-295839-295-++94-5085-2/wvirvxidvwksf jkd djf ejd 9284*49286995-%
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