Profit (Loss) Prior to incorporation

Accountancy

In Public Limited company, Pre & Post period apportionment based on date of incorporation or date of commencement...?

Ravikumar Pandi

CA Inter

★ 2K+

17-Mar-22 15:04

594

Answers (4)

Pre period:till the date of incorporation Post period:after the date of incorporation till comp of the yr r the period as given in que

Mala Ca

CA Final

★ 23K+

17-Mar-22 15:23

Mala Ca

Pre period:till the date of incorporation Post period:after the date of incorporation till comp of the yr r the period as given in que

Generally Private Limited Company can start the business after getting the Certificate of incorporation, but public limited company can start after get the certificate of incorporation and also certificate of commencement. For example Business take over on 01.01.2021, Date of Incorporation 01.04.2021, Date of Commencement on 01.06.2021 and book closed on 31.12.2021. In this situation company earned profit for the period of 01.04.2021 to 01.06.2021 is how to eligible for dividend purpose...?

Thread Starter

Ravikumar Pandi

CA Inter

★ 2K+

17-Mar-22 15:48

Ur answer lies in the heading itself.it is based on incorporation date

Gokul Nath

CA Inter

★ 605

18-Mar-22 10:42

Date of incorporation

Susila Susila

CA Inter

★ 10

18-Mar-22 12:51