How to keep or retire treasury shares| Hindi | Urdu

Описание к видео How to keep or retire treasury shares| Hindi | Urdu

After a company repurchases its own shares, the board of directors might approve the retirement of those treasury shares.

Retiring the treasury shares effectively cancels the shares, reducing the number of issued shares.

In terms of the journal entry, you reverse the common stock and APIC from the original stock issuance and then charge any remaining amounts to retained earnings.

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