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Profit or loss pre and post incorporation
Accountancy
Please find the sales ratio and kindly show the calculations
Answers (15)
Sugam SM
Isn't it 3/5x or just 3/5 bcz it's said that 3/5 that of pre incorp period
Bro Audit fee should I apply this in time ratio or sales ratio ??
Sugam SM
Isn't it 3/5x or just 3/5 bcz it's said that 3/5 that of pre incorp period
Can't Understand... Could u explain detailed manner plzz
Thread Starter
Dhakshana DhakshanaBro Audit fee should I apply this in time ratio or sales ratio ??
If it is Company Audit Fee then apportion to Post Incorp.. or if it is normal Audit Fee the according as Time Ratio
Sathiyanarayanan P
If it is Company Audit Fee then apportion to Post Incorp.. or if it is normal Audit Fee the according as Time Ratio
Qus didn't mention its just audit fee then what bro
Thread Starter
Dhakshana DhakshanaQus didn't mention its just audit fee then what bro
Allocate based on Time Ratio
Sugam SM
Isn't it 3/5x or just 3/5 bcz it's said that 3/5 that of pre incorp period
Bro any easy trics for this identification .... Please give if any..... Like incase of increased by or increased upto or twice of... In above situation how to prepare ratio
Sathiyanarayanan P
Is that wrong friends ???
It's not 3/5, replace it by 3/5x.Because post inc sales increased 3/5 th on average sales...since x is average sales,3/5x will be the right one.
Saravana Pandian
It's not 3/5, replace it by 3/5x.Because post inc sales increased 3/5 th on average sales...since x is average sales,3/5x will be the right one.
And also u can't say pre inc sales equal to post inc sales
Sugam SM
Isn't it 3/5x or just 3/5 bcz it's said that 3/5 that of pre incorp period
It said increased by 3/5th. Not 3/5th of average. So average in pre - x Average in post = x + 3/5 of x
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