CUET Preparation Today
Jain and Company purchased a machine from High Machine Limited for Rs.3,80,000. As per purchase agreement Rs. 20,000 were paid in cash and balance by issue of shares of Rs.100 each. What will be the number of equity shares issued if issue of shares are made at 20% premium? |
3334 Shares 3000 Shares 3600 Shares 4000 Shares |
3000 Shares |
The correct answer is Option (2) → 3000 Shares |
