Forums

Back

Profit and Loss prior to Incorporation

Accountancy

What is the logic behind these entries

IMG_20220803_075526.jpg
Subramanyam N

Subramanyam N

CA Inter

★ 6K+

03-Aug-22 07:59

405

Answers (1)

These are memorandum entries to keep a track of collection. One aspect represents receivable from debtor and second aspect reflects payable to the previous owners.

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

03-Aug-22 10:21

Your Reply

Helping students crack CA, CFA & ACCA since 2017. 14,000+ students have trusted us for the best CA,CFA, ACCA online classes. Learn from the best CA, CFA faculty, access top-quality content and clear your exams with confidence

9133 31054 9

9640 11111 0

Support

8-2-293/82/A/89, 2st floor, Road Number 9, Jubilee Hills, Hyderabad, Telangana 500034

Company

About Us

Contact Us

Careers

Information

Testimonials

FAQs

Terms & Conditions

Privacy Policy

Offerings

Buy Courses

Free Courses

Free Resources

Forums

News and Updates

Blogs

Testimonials

APP 1FIN

2026 IndigoLearn.com All Rights Reserved

CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C