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Entries5.On 31st March 2018 X Ltd. has an issued equity share capital in 10,00,000 shares of 10 eachas fully paid up. The company has resolved to buy-back 10% of the equity shares at 15 per shareThe company has a securities premium account balance 5,50,000 and General Reserve 12,00,000Give journal entries on buy-back of the shares. |
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