Please explain the meaning of following adjustment The incremental profits earned by R ltd for the period Jan 10 to March 10 over that earned in the corresponding period 2009 is Rs 70000. Does it mean its the total profit earned for the three months or corresponding previous year profit + 70000= total profit earned for the three months. In the answer, to arrive at the Profit earned till March 10, they have added the incremental profit to the profit as on 31st Dec 09. Is it correct?
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