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 at a discount of Rs 30. 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 at a discount of Rs 30. Calculate the no of shares issued.
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Solution
The correct option is C 12,500
Value per share = Rs. 50 - Rs. 30 = Rs 20 per share
Number of shares issued = Purchase consideration/Value per share
Number of shares issued = Rs. 2,50,000/20
= 12,500 shares
12,500
Value per share = Rs. 50 - Rs. 30 = Rs 20 per share
Number of shares issued = Purchase consideration/Value per share
Number of shares issued = Rs. 2,50,000/20
= 12,500 shares
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