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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • If assets of Rs. 60,000 are purchased and shares of Rs. 1...
Multiple choice

If assets of Rs. 60,000 are purchased and shares of Rs. 10 each are issued at a premium of 20%, the number of shares to be issued is

  1. 60,000

  2. 50,000

  3. 6,000

  4. 5,000

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

60,000 / 12 = 5,000

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