Rahul Limited purchased a building from Handa Limited for Rs.5,40,000 and the payment is to be made by the issue of shares of Rs.100 each. What will the number of shares to be issued when shares issued at a premium of 20%? |
5,500 shares 5,400 shares 4,400 shares 4,500 shares |
4,500 shares |
The correct answer is Option (4) → 4,500 shares |