Is it correct to record the journal entry for the initial share capital of a dormant company when the company start trading? Or it is mandatory to register the entry with the date when the company was originally created? Thanks!
Its with creation time
Thanks!
If that date is far in the past that would be in the previous fiscal year (when no other activity took place) how do I mange when filing the accounts? Can I just file the accounts for the fiscal when the company started trading? Or do need to file also the previous year when the company was dormant and the only entry is the initial share capital one?
If company was dormant then dormant accounts need to be filed, non trading does not mean dormant though.
If OS journal not done last year, you do it now
1 Like