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Standard XII

Accountancy

Goodwill Valuation (Retirement)

DCWX Ltd. pur...

Question

DCWX Ltd. purchased a New Super Computer from a vendor for $R s . 2, 20, 000$ . The company allotted him equity shares at a premium of $10$ % instead of paying him in cash. The vendor will be allotted ________ equity shares of $R s . 10$ each.

22, 000

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20, 500

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20, 000

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21, 500

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Solution

The correct option is C $20, 000$
Value of New super Computer= Rs 2,20,000
The shares are issued at premium of 10% to the vendor
Therefore issue price of the share= Rs10+10%
=Rs 11/share.
No of shares to be issued to vendor= Rs 2,20,000/Rs 11
=20,000 shares.

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DCWX Ltd. purchased a New Super Computer from a vendor for Rs.2,20,000. The company allotted him equity shares at a premium of 10% instead of paying him in cash. The vendor will be allotted ________ equity shares of Rs.10 each.

The correct option is C 20,000Value of New super Computer= Rs 2,20,000The shares are issued at premium of 10% to the vendorTherefore issue price of the share= Rs10+10% =Rs 11/share.No of shares to be issued to vendor= Rs 2,20,000/Rs 11 =20,000 shares.

DCWX Ltd. purchased a New Super Computer from a vendor for $R s . 2, 20, 000$ . The company allotted him equity shares at a premium of $10$ % instead of paying him in cash. The vendor will be allotted ________ equity shares of $R s . 10$ each.

The correct option is C $20, 000$
Value of New super Computer= Rs 2,20,000
The shares are issued at premium of 10% to the vendor
Therefore issue price of the share= Rs10+10%
=Rs 11/share.
No of shares to be issued to vendor= Rs 2,20,000/Rs 11
=20,000 shares.