A Ltd. purchased a machinery for ₹ 1,80,000 for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?

₹2500 ₹2000 ₹1500 ₹3000

₹1500

Shares issued as consideration = 180000/(100+20)                                                   = 1,80,000/120                                                   = 1500