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June 4, 2020
Question

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

  • June 4, 2020
  • 1 reply
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1 reply

asha_kanta_sharma
July 18, 2020
Partner's Equity needs to be debited and Bank Needs to be credited....

Please also clarify why buyout amount is greater then equity amount...