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Profit prior to incorporation

In this chapter, we usually come across cases when a company takes over a firm or a sole proprietorship. What about a company taking over another company? Can there be profit prior to incorporation in this case?


Aman Mahajan

Aman Mahajan

CA Inter

18K+

25-Jan-21 10:45

14

Answers (1)

That is a case of Merger/Amalgamation. You will learn this in advanced accounting.


Suraj Lakhotia

Suraj Lakhotia

Admin

25-Jan-21 18:32