Question

for the purpose of computing profit prior to incorporation​

Answer 1

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.

Answer 2

Incorporation is the initial phase in building up an organization.

Profit of a business firm for the period before the date organization comes into existence is alluded to as a pre-incorporation type of profit. Thus, a prior period thing is those things that are done before the consolidation of the organization. Benefit preceding fuse is the benefit acquired or misfortune endured during the period before consolidation. It is a capital benefit and not legitimately accessible for dissemination as profit in light of the fact that an organization can't acquire a profit before coming into existence. The benefit acquired after joining is revenue profit, which is accessible for profit.