How should I record a share buyout transaction using company's cash? The buyout amount is greater than that Partner's Equity account. I will be sole owner of the business
How should I record a share buyout transaction using company's cash? The buyout amount is greater than that Partner's Equity account. I will be sole owner of the business
How should I record a share buyout transaction using company's cash? The buyout amount is greater than that Partner's Equity account. I will be sole owner of the business
Partner's Equity needs to be debited and Bank Needs to be credited....
Please also clarify why buyout amount is greater then equity amount...
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