Share buyback
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2017
When a company repurchase it's shares what happens to it's balance sheet? Which accounts are debited and credited?
18 August 2017
Buyback of shares
Equity shareholder .................Dr.
To Bank
Cancellation of shares
euity Sh. capital....................................Dr
free reserve/Security premium ............Dr
To equity Shareholders
Equity shareholder .................Dr.
To Bank
Cancellation of shares
euity Sh. capital....................................Dr
free reserve/Security premium ............Dr
To equity Shareholders
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