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RK and Company purchased a boiler from No Risk Machine Limited for Rs. 3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each at 20% premium. The number of shares issued will be:
  • a)
    3600
  • b)
    3000
  • c)
    3800
  • d)
    4000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
RK and Company purchased a boiler from No Risk Machine Limited for Rs....
380000 – 20000 = Rs.360000
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RK and Company purchased a boiler from No Risk Machine Limited for Rs. 3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each at 20% premium. The number of shares issued will be:a)3600b)3000c)3800d)4000Correct answer is option 'B'. Can you explain this answer?
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RK and Company purchased a boiler from No Risk Machine Limited for Rs. 3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each at 20% premium. The number of shares issued will be:a)3600b)3000c)3800d)4000Correct answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about RK and Company purchased a boiler from No Risk Machine Limited for Rs. 3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each at 20% premium. The number of shares issued will be:a)3600b)3000c)3800d)4000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for RK and Company purchased a boiler from No Risk Machine Limited for Rs. 3,80,000. As per purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs. 100 each at 20% premium. The number of shares issued will be:a)3600b)3000c)3800d)4000Correct answer is option 'B'. Can you explain this answer?.
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