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Ask the Tutor ACCA LW

Treasury Shares

SSalar6y ago
In regards to have treasury shares, according to your lectures we ought to consider the company's creditors and buffer fund. So: for example, we simultaneously take out a 100$ from Share Capital, a 100$ from Retained Earnings and what do we do next? Do we open a new account as "Treasure Shares" which is a non-distributable account?
MikeLittleMikeLittleTutor6y ago#1
Yes OK?
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