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प्रश्न
Woodcraft Ltd. purchased machinery for ₹ 90,000 from Moons Ltd. As per the agreement,the payment is to be made by issuing shares of ₹ 100 each. While recording this transaction, Share Capital Account was credited by ₹ 72,000.
State whether the shares were issued at Par or Premium and also calculate the number of shares issued to Moons Ltd.
संख्यात्मक
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उत्तर
Purchase Consideration: ₹ 90,000
Share Capital credited: ₹ 72,000
Face value per share = ₹ 100
Number of shares issued = `(₹ 72,000)/(₹ 100) = 720` shares
Securities Premium:
₹ 90,000 − ₹ 72,000 = ₹ 18,000
Premium per share:
`(₹ 18,000)/(720) = 25`
The shares were issued at a premium of ₹ 25 per share (25%).
Number of shares issued: 720 shares.
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