Pre and post incorporation profit or loss

Accountancy

In this can we apportion bad debts as follows Recovered 36000 for sale made in june year 1 so adding to baddebt as exclusively for pre incorporation and remaining 33000 allocating in the pre and post in sales ratio. CAN WE APPORTION LIKETHIS .In book they added 36000 with existing 33000 and entirely (69000)apportioned in sales ratio

S.P. RAYAN

CA Inter

★ 3K+

18-Jun-21 22:38

687

Answers (3)

I guess the date of bad debts is incorrect in this Q it should be June 20X0

Himanshu Somani

CA Final

★ 97K+

19-Jun-21 07:50

Yes, your proposed solution is correct, as per date mentioned for Bad Debts. However, do give a note regarding same

Sahibdeep Singh

CA Inter

★ 14K+

19-Jun-21 11:13

Sahibdeep Singh

Yes, your proposed solution is correct, as per date mentioned for Bad Debts. However, do give a note regarding same

Ok sir.

Thread Starter

S.P. RAYAN

CA Inter

★ 3K+

19-Jun-21 11:14