Pious limited purchases Machine worth 1,150,000
from Indigo Traders payment was made
as Rs 10,000 by cheque and
the remaining by Shere
of the face valueRs 10
each fully paid up at an issue price of 10. 50 each.
Amount & Share
com would be
a)Rs6000
b)Rs5000
c)Rs7000
d)Rs4000
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Answer:
b'Machine worth Rs. 1,15,000 from Indigo Traders Payment was made as Rs. 10,000 [1,15,000 -10,000 = 105,000]
10,000 equity shares of the face value of Rs. 10 each [10,000 x 10 = 100,000]
105,000 -100,000 =5,000.
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