share buyback | AccountingWEB

share buyback

Hi All I have an unusual problem. My business partner is exiting the business.


It is not uncommon to hear of companies purchasing their own shares from shareholders, explains Steve Collings.


On 09 March 2011 Jennifer Adams posted an article on, Share buy-backs: Get the det


Jennifer Adams responds to recent Any Answers queries with a summary of the requirements for companies that want to buy their own shares.



I am hoping someone could provide some guidance on accounting for a share buyback and cancellation in a private company.  The situation I am trying to account is as follows: