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Question Sep/Dec 2015 Flufftort Recorganisations part (a)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Question Sep/Dec 2015 Flufftort Recorganisations part (a)

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  • October 11, 2022 at 9:39 am #668290
    rasoulsami
    Participant
    • Topics: 3
    • Replies: 1
    • ☆

    Hello Sir
    I can not figure it out in part a) of answer how company could buyback shre ofGupte with below accounting records

    Share buyback ( euity)Debit of 10
    Cash Credit 7.6
    Retained earnig Credit 2.4

    I meant how Retained earning could increase for profit of the year? should not we pay from RE for the diffrence?could you please explain this?

    Thank you
    Regards

    October 11, 2022 at 5:08 pm #668322
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    Please do not post the same question twice.

    I have answered your other post of this 🙂

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  • The topic ‘Question Sep/Dec 2015 Flufftort Recorganisations part (a)’ is closed to new replies.