The Company bought 100,000 DBS shares on 18t May 2010 at $20.00 per share. On 18t June 2010, it sold 20,000 DBS share at $23.00 per share. The last transacted price of DBS share on 31.12.10 was $19.00. Please journalise the transaction (including Provision for Diminution Account on 31.12.2010)

The Company bought 100,000 DBS shares on 18t May 2010 at $20.00 per share. On 18t June 2010, it sold 20,000 DBS share at $23.00 per share. The last transacted price of DBS share on 31.12.10 was $19.00. Please journalise the transaction (including Provision for Diminution Account on 31.12.2010)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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