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: