Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

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 04:45PM

#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 04:58PM

ebbsy

Registered Users, Registered Users 2 Posts: 7,348 ✭✭✭

Join Date: August 2010

Posts: 7282

Dr Other Debtors balance sheet
Cr Shares issued

0
#3 03-01-2019 04:58PM

ebbsy

Registered Users, Registered Users 2 Posts: 7,348 ✭✭✭

Join Date: August 2010

Posts: 7282

Dr Other Debtors balance sheet
Cr Shares issued

0