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In this video I have explained simple concept of Profit Prior to Incorporation.
I have also shown how to divide the expenses into PRE and POST periods easily with the help of ratios.
After watching this video you will feel this chapter is a piece of cake.
⏱️TIMESTAMPS
0:00 - Intro
0:13 - Concept
6:44 - What to do in this Chapter?
10:24 - How to Apportion Expenses?
This is for the students of B.COM, BBA, CA INTER and any other accounting courses which has this chapter in its syllabus.
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• #2 Profit Prior to Inc...
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