Company Accounts

Share Capital

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common

Raj Ltd. purchased a machine from Anuj Tech Ltd. for Rs.1,90,000. As per purchase agreement, Rs. 10,000 were paid in cash and balance by issue of shares of Rs.100 each. Find the number of shares issued to Anuj Tech Ltd., if the shares issued at 20% premium.

3,000

2,000

1,500

1,000

✅ Correct Option: 3

Amount to be settled by shares $= 1,90,000 - 10,000 = 1,80,000$ .

At a $20\%$ premium each share is issued for $100 + 20 = 120$ .

Number of shares $= \frac{1,80,000}{120} = 1,500$ .

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LIST-I		LIST-II
A.	Limits the number of its members to 200 (excluding its employees).	I. Companies Limited by Shares
B.	The liability of its members is limited to the amount they undertake to contribute in the event of the company being wound up.	II. Private Company
C.	The liability of its members is limited to the extent of the nominal value of shares held by them.	III. Public Company
D.	Invites the public to subscribe for its shares.	IV. Companies Limited by Guarantee

Choose the correct answer from the options given below:

Raj Ltd. purchased a machine from Anuj Tech Ltd. for Rs.1,90,000. As per purchase agreement, Rs. 10,000 were paid in cash and balance by issue of shares of Rs.100 each. Find the number of shares issued to Anuj Tech Ltd., if the shares issued at 20% premium.

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