Accountancy, asked by nairanita66, 1 month ago

pre incorporation profit is available for?​

Answers

Answered by suvarnahakke1
0

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.

Answered by preetishah8860
0

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.

I hope it will help you.

Have a great day.

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