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BuyBack of Equity
Accountancy
Can anyone explain me this Note. Thanks in advance
Answers (2)
Like if the company issue shares and collects rs 1 lacs and later on the company wants to buy back that shares..... It can't do so by these rs 1 lac that we collect from issue of shares...... But the company can buy back debentures or any other security by these 1 lac rs..... Hope it helps you
