Rama private limited was incorporated on 1 July 2008 to take over a business as a going concern from 1 April 2008 the total trun over for the year was Rs 900000of which Rs 300000was for the period upto 1 July 2008 the gross profit for the year was Rs 90000 the total expenses for the year amounted to Rs 44000 which includes partner salary Rs 3000 director fees 7200 and auditor fees 1000 find out the profit prior and after incorporation
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