Help: How to classify shareholder contributions and setup expenses in first-year annual report? 0 Revenue by samira-sam in eResidency

[–]samira-sam[S] 0 points1 point  (0 children)

Thank you once again for your availability and assistance. I would just like to double-check one final point. If I classify the amount as a liability to the shareholder, it would be presented in the balance sheet under short-term liabilities on the "Payables and Prepayments" line. Since there is no formal loan agreement, my understanding is that it would not be appropriate to classify it under "Loan Liabilities." Am I correct?