Profit or loss pre and post incorporation


This query is : Resolved 

(Querist)
09 October 2013 what is the purpose of creating a loss prior to incorporation account and showing it as an asset when there is a loss prior to incorporation?

Ajay Mishra (Expert)
09 October 2013 Go to the following link:

https://accountantsquare.blogspot.in/2012/05/what-are-preliminary-expenses-and.html


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