question_answer

Yash Ltd. took over the assets of Rs.4,80,000 and Liabilities of Rs.80,000 of Raj Ltd. for a consideration of Rs.3,20,000. An amount of Rs.20,000 paid by an acceptance in favour of Raj Ltd. payable after 3 months and the balance by issue of equity shares of Rs.100 each at a premium of 50%. Number of Shares to be issued:

A) 1,800

B) 2,000 

C) 2,200

D) 2,400