What is Treasury (repurchased own) shares?

A joint-stock company's own shares bought back from its shareholders for later resale or cancellation. Account 8600 is contra-equity in relation to the charter capital: on the balance sheet it is deducted from the charter capital. They are recorded at the actual purchase price on the debit of 8610 (ordinary) or 8620 (preferred). An LLC also keeps in this account a share it has bought in order to transfer it to another participant.