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Balance sheet

misterme123 · 2019-01-03 16:45:25

Hi, Probably a stupid question: How is the balance sheet presented for a private limited company that has never traded and has no cash or other assets? Should the ordinary shares issued at incorporation be listed both as a cash asset and as liability/equity, even though the value is nominal? Or are assets and liabilities…

03-01-2019 05:45PM

#1

misterme123

Closed Accounts Posts: 82 ✭✭

Join Date: January 2019

Posts: 81

Hi,

Probably a stupid question:
How is the balance sheet presented for a private limited company that has never traded and has no cash or other assets? Should the ordinary shares issued at incorporation be listed both as a cash asset and as liability/equity, even though the value is nominal? Or are assets and liabilities zero?

0

Comments

#2 03-01-2019 05:58PM

ebbsy

Registered Users, Registered Users 2 Posts: 7,255 ✭✭✭

Join Date: August 2010

Posts: 7189

Dr Other Debtors balance sheet
Cr Shares issued

0
#3 03-01-2019 05:58PM

ebbsy

Registered Users, Registered Users 2 Posts: 7,255 ✭✭✭

Join Date: August 2010

Posts: 7189

Dr Other Debtors balance sheet
Cr Shares issued

0