Reduction of share Capital
This query is : Resolved
08 August 2009
A company has reduced its share capital
and as reduced the no of shares A shareholder possessing 1900 shares were reduced to 95 shares so what will be the cost of 95 shares if the shareholder is selling that 95 shares
and as reduced the no of shares A shareholder possessing 1900 shares were reduced to 95 shares so what will be the cost of 95 shares if the shareholder is selling that 95 shares
M Prabhakar Menon
(Expert)
08 August 2009
There is no need to pass any entry as there is no transaction to be recorded. Increase/decrease in value is not a transaction When the shares are sold only you can account for the profit/loss on sale of investments
Manmohan ACA, CS
(Expert)
08 August 2009
agree
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