Bansal Heavy Machine Ltd. purchased machine worth Rs.4,20,000 from Handa Traders. Payment was made as Rs.90,000 cash and the remaining amount by issue of equity shares at a premium of Rs 10 per share. In case 3000 shares were issued to Handa Trader's, then find out the face value of an equity share.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → 100
When shares are issued to a vendor, the number of shares = amount payable ÷ issue price. Here the number of shares is given, so the issue price is found first, and the face value is the issue price less the premium.
Amount paid by shares = Rs. 4,20,000 − Rs. 90,000 = Rs. 3,30,000
Issue price per share = Rs. 3,30,000 ÷ 3,000 = Rs. 110
Face value = Rs. 110 − Rs. 10 (premium) = Rs. 100
Note: NTA picked this question from an NCERT (2026-27) exercise and changed the figures. Do not ignore NCERT while practising numericals.
NCERT (2026-27 edition):
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