Physics, asked by mitald050401, 7 months ago

if there is a loss prior to incorportion it will be debited to

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Answered by kaushikpardeep456

Answer:

Such profit is to be transferred to CAPITAL RESERVE or may be used in writing down capital loss. When, there arises a loss in the pre-incorporation period, the loss should be debited to GOODWILL ACCOUNT.

Explanation:

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if there is a loss prior to incorportion it will be debited to ​

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if there is a loss prior to incorportion it will be debited to