Original Articles

Pre-incorporation Contracts Revisited

Published in: De Ratione
Volume 5 , issue 1 , 1991 , pages: 3–10

DOI: 10.1080/10108270.1991.11435021

Author(s): R Jooste University of Cape Town, , C Koornhof University of the Witwatersrand,

Keywords: pre-incorporation contracts , capital and revenue profits , retrospectivity of contracts

Abstract

Some confusion stilt exists with Accountants as to the correct accounting treatment for pre-incorporation contracts. An attempt is made in this article to present a framework of the legal positions and accounting treatments of all practical situations encountered with pre-incorporation contracts.

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