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Question
DG Ltd Purchased assets of Rs 2,50,000 from VG Ltd . DG Ltd issued equity shares of Rs 50 each fully paid in consideration. Calculate the no of shares issued.
DG Ltd Purchased assets of Rs 2,50,000 from VG Ltd . DG Ltd issued equity shares of Rs 50 each fully paid in consideration. Calculate the no of shares issued.
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Solution
The correct option is D 5000
Number of shares issued = Purchase consideration /Value per share
Number of shares issued = 2,50,000/50
Number of shares issued = 5,000
5000
Number of shares issued = Purchase consideration /Value per share
Number of shares issued = 2,50,000/50
Number of shares issued = 5,000
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