Gains on sale of treasury shares (cost method) should be credited to •Share premium – treasury •Ordinary share •Gain on sale of treasury •Retained earnings 2. When share without par value and stated value are sold, the proceed should be credited to a. Profit or Loss b. Retained Earnings c. Share Capital d. Share premiu
Gains on sale of treasury shares (cost method) should be credited to •Share premium – treasury •Ordinary share •Gain on sale of treasury •Retained earnings 2. When share without par value and stated value are sold, the proceed should be credited to a. Profit or Loss b. Retained Earnings c. Share Capital d. Share premiu
Gains on sale of treasury shares (cost method) should be credited to •Share premium – treasury •Ordinary share •Gain on sale of treasury •Retained earnings 2. When share without par value and stated value are sold, the proceed should be credited to a. Profit or Loss b. Retained Earnings c. Share Capital d. Share premiu
1. Gains on sale of treasury shares (cost method) should be credited to
•Share premium – treasury
•Ordinary share
•Gain on sale of treasury
•Retained earnings
2. When share without par value and stated value are sold, the proceed should be credited to
a. Profit or Loss
b. Retained Earnings
c. Share Capital
d. Share premium
Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item
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