Question

Zen Ltd purchased the sundry assets of M/s Surat Industries for Rs.28,60,000 payable in fully paid shares of Rs.100 each. State the number of shares issued to vendor when issued at premium of 10%. *A)28,000B)31,778C)28,600D)26,000​

Answer 1

Answer:

26000

Explanation:

purchase- 2860000/110

=26000

here,price per share is 100+10(10% premium)