Buy Back

U got the point?

Likhitha Sivani

CA Final

★ 14K+

12-May-23 07:37

In both 1.2 and 1.4 u should write securities premium entry. In some questions they are not mentioning but while drafting balance sheet they are considering securities premium after reducing these amounts

Likhitha Sivani

CA Final

★ 14K+

12-May-23 07:33

And in question 1.4 for the CRR entry is not required for equity shares as they are bought back from preference share capital. See in question below preference share capital they mentioned like issued for the purpose of buyback that means we have to assume that from that amount they have bought back

Likhitha Sivani

CA Final

★ 14K+

12-May-23 07:35

We have to transfer the face value of PSC to CRR as they also redeemed

Likhitha Sivani

CA Final

★ 14K+

12-May-23 07:37

Yup

Thread Starter

pradyumna hariramani

CA Inter

★ 290

12-May-23 10:57