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Question

Can anyone explain pre and post incorporation profits? As why they added loss 10000 given as loss in question while calculating profits

Apoorva · Answer

By mistake I typed it as incorporation actually it's acquisition

Apoorva · Answer

It's AS 21 Consolidated Financial Statements

Srijit · Answer

I don't think we have pre and post incorporation topic in the new scheme do we?

Apoorva · Answer

Yes but while calculating post acquisition profits they added 10000 to current year profit of 90,000 which they had actually given 10,000 as loss in the question y they added

BHAGYASHREE · Answer

Abt which question it is can u explain pre & post incorporation profits are trf to their respective head pre goes to cost of control & minority int post goes to minority int & P L

Apoorva · Answer

Here it is

Charulatha.B · Answer

Can u send the question or question no and pg no?

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8 answers

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