A company which was incorporated on 1st may 2019 acquired the business with effects from 1st January 2019. The accounts of the company were closed for the 1st time on 30 September 2019 disclosing gross profit 84000. The establishment change were rs 21330. Director fees rs 1500 per month and preliminary expense rs 3250.: rent upto 30th June 2019 was rs 150 per month but after it was increase to rs 375 per month.
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