Shares in $ but Accounts in £
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spurschic1@yahoo.com
Registered Posts: 94 Regular contributor ⭐
Hi All,
I am completing a set of accounts in GBP but the shares are in USD.
Do I have to show the share capital/alloted and issued in GBP and if so how does it work the following year with exchange rate differences?
Thanks in advance
Vicky
I am completing a set of accounts in GBP but the shares are in USD.
Do I have to show the share capital/alloted and issued in GBP and if so how does it work the following year with exchange rate differences?
Thanks in advance
Vicky
0
Comments
-
Why are the shares in USD?
I'd be inclined to value the shares at their GBP value at the date of acquisition and make any adjustments on sale.
That's a guess. I haven't got a clue if it's right or not!!0 -
Thanks for your help, the shares are in $ as it's a company in the seychelles
:-)0
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