A Ltd. purchased a machinery for 1,80,000 Rs. for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?
A. 2,500
B. 2,000
C. 1,500
D. 3,000
Answer:C
A Ltd. purchased a machinery for 1,80,000 Rs. for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?
A. 2,500 B. 2,000 C. 1,500 D. 3,000