+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7)
+--- Thread: redemption of preferred shares (/showthread.php?tid=7426)
redemption of preferred shares - adddy - 02-16-2010
hi friends
can you tell me when company finances from issuing new shares for redemption then why do we debit bank account not the cash account? what is premium on redemption? Is it a reserve or something else and how it is created?