question_answer

X Ltd. purchased Machinery of Rs.10,00,000 from Y Ltd. and paid 20% of the amount by accepting a bill of exchange in favour of Y Ltd. The remaining amount was paid by issuing Equity Shares of Rs.100 each at a premium of 25% to Y Ltd. Number of Shares to be issued:

A) 6,200

B) 6,300

C) 6,500

D) 6,400