12th Class
Accountancy
Accounting For Share Capital
Question Bank
MCQs - Accounting for Share Capital
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: