Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.

Related MCQs

• Salaries due to clerk is preferential for a period not exceeding:
• Correcting the recognition measurement and disclosure of amounts in financial statements as if a prior period error had never occurred. This is:
• A term loan will be treated as NPA if interest or instalment and principal remain overdue for a period more than ……. Days
• Salaries due to director, manager, secretary etc. are preferential.
• How are unallocated overheads treated as per Ind AS 2?
• Profit earned after acquisition of share is treated as
• Profit earned after acquisition of share is treated as:
• Profit earned before acquisition of share is treated as:
• The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------
• The Profit and Loss Account of companies is prepared in the form ………….