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  • Accounting & Finance for Bankers - 1 (JAIIB)
  • 6,000 debentures of 100 each were discharged by issuing E...
Multiple choice

6,000 debentures of 100 each were discharged by issuing Equity Shares of Rs. 10 each at 20% premium. Find the number of shares issued.

  1. 5,000

  2. 60,000

  3. 50,000

  4. 6,000

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

6,00,000 / 12 = 50,000

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