Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Buy back of shares
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10. Date Particulars DR.Amount CR.Amount
Bank A/c Dr.
To 6% Preference Share Capital A/c
3,00,000
3,00,000
(Being issue of preference shares at par)
Equity Share Capital A/c (30,000 *10) Dr.
To Bank A/c
(Being buy back of 30,000 equity shares at par)
3,00,000
3,00,000
Buy Back Expenses A/c Dr.
To Bank A/c
18,000
18,000
(Being buy back expenses paid)
Profit and loss appropriation A/c Dr.
To Buy back expenses A/c
(being buy back expenses written off to
P/L A /c)
18,000
18,000