So here is a question regarding bound book. If I have made C&R purchases PRIOR to receiving my 03FFL C&R license shall I record those in my bound book as well. OR is the record for transactions only after having received the C&R license? Meaning lets say I have purchased though normal FFL transfer some early rifles and pistols, they would already be recorded with the FFL that did the transfer. So would they need to go in my bound book? If so then every C&R eligible firearm somebody has would need to go into their bound book once they get their C&R license, not just the purchases they made after having obtained their C&R 03FFL. Is that correct?
It is logical though that if I went to sell a C&R eligible item then I would need to make a 'Disposition' entry in my book. Regardless of weather I got it before OR after having received my C&R 03FFL.
No C&R gun(s) you purchased prior to getting your license need to go in your bound book UNTIL they are sold. In other words, you don't need to log guns you purchased before you had your license until you sell them. Once you sell them, record them in your bound book as an acquisition from your private collection and then immediately record the disposal as normal.