Question Sep/Dec 2015 Flufftort Recorganisations part (a)

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October 11, 2022 at 9:39 am #668290
rasoulsami
Participant
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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
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- Topics: 57
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Please do not post the same question twice.
I have answered your other post of this 🙂
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