State the meaning of the following in relation to buy back of shares : (a) Free reserves;
Question:
State the meaning of the following in relation to buy back of shares :
(a) Free reserves;
(b) Proceeds of an earlier issue.
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In the context of buyback of shares the terms free reserves and proceeds of an earlier issue have specific meanings related to accounting and financia...View the full answer
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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