Whatever the written amount in the Articles of Incorporation of SEC as Paid-Up Capital. Its required to be presented for external reporting purpose following the IFRS and IAS as Share Capital. But my problem is there's no actual cash deposited that is the same with the Paid-Up Capital in Articles. How do I track this now? Each shareholder pays for expenses related to the corp and its considered to add up to their capital.
How do i actually track that the paid up capital is now actually paid up because of the cash paid by a shareholder for the corp. And after its been actually fully paid-up. How do i track the additional capital that will be add subscribed and paid up through their additional expenses paid in behalf of the corp.
Thank you
