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Treasury Shares

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Treasury Shares

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by MikeLittle.
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  • December 25, 2019 at 7:45 am #556377
    salardehbashi
    Participant
    • Topics: 22
    • Replies: 22
    • ☆

    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?

    December 25, 2019 at 8:17 am #556379
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    Yes

    OK?

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