First year accounting

Chris Guest	#1 23/01/2012 06:45 hi, Can any one tell me about disclosures required in financial statements for first year from incorporation of a company.

martin Guest	#2 23/01/2012 11:09 if all costs have been capitalized and there is no income or expense in the first year, then whether it is necessary to prepare a profit and loss account or there is no need to do so.

Master_mind Guest	#3 25/01/2012 07:51 capitalization of income and expenditure in first year is now restricted in many counteries. you have to prepare profit and loss account

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