Maybe a silly question.
Someone buys all of the shares in a ltd co.
100 £1 shares for £20,000.
Is their a journal entry to deal with this transaction in the company?
Replies (6)
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100 shares at £1 each for 20k? Who is this person? I'd love to sell him/her my 200k house for a quick half a mil.
You do understand (I hope) that the nominal value of a share often has no resemblance to its actual value?