how do we account for share sale?
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In accordance with Ind As 109 or As 13 as the case may be. Decrease(credit) the investment in shares account with a corresponding debit to Bank/cash/asset. Also make a credit or debit for any profit or loss as the case may be.
Also recognise the brokerage and incidental expenses
If you are selling common stock, which is the most frequent scenario, then record a credit into the Common Stock account for the amount of the par value of each share sold, and an additional credit for any additional amounts paid by investors in the Additional Paid-In Capital account.
VidMate Momix Pikashow