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A limited company was incorporated on 1 july 2019 in order to purchase a running business from 1 april 2019 following particular are available from its record : (1) total sales 2019-20 RS 80000 (2) sales from 1 april 2019 to 30 june 2019 RS 20000(3)gros profit for the whole year RS 30000 (4)total expenses of 2019-20(including director's fees 1000) RS 25000 (5) company's share capital RS 75000. find out prior to incorporation and after incorporation and prepare statement of profit and loss in the books of limited liability company |
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