Limited company accounts - Journal entries question

holiday
Registered Posts: 3
There are 2 Shareholders of a Limited company and one of the Shareholders has sold all of their shares to the other Shareholder.
There is a 2 year payment schedule for the sale, what are the accounting entries to make the payments.
There is a 2 year payment schedule for the sale, what are the accounting entries to make the payments.
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Answers
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MarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,373
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Agree. It appears as though this was a personal transaction that doesn't affect the company accounts. Some minutes need drawing up and the Companies House records updating when the next confirmation statement is done.Regards,
Burg0