BEHOLD MY GREATNESS. MY KNOWLEDGE. BUYBACK LIKE NEVER BEFORE. CHECK IT OUT NOW!!! The Beginning. Only a handful of journal entries can bring you marks like no other topic- 5 marks guaranteed. only have to memorise a sure formula for the amount of maximum buyback you can do, and you can grab all the marks this topic has to offer. The first journal entry that you should learn is:- 1. equity share capital ACC dr. premium on buyback ACC dr. to eq uity shares buyback ac. ACCRUAL AT ITS BEST. ENTRY AT DUE. AM I RIGHT? GO FOR IT. YOU GOT THIS. 2. Free reserves ACC. dr. Security premium ACC. dr. to premium on buyback account. YOU HAVE GOT TO WRITE OFF THOSE PREMIUMS WITH SOMETHING. LAWS SAYS, "USE FREE RESERVES, MR.ACCOUNTANT" 3. equity shares buyback ACC. dr. to bank ACC. TIME TO PAYBACK, GOT TO PAYBACK. PAYBACK. YEAH, PACKBACK- JAMES BROWN. 4. Free...
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