Question
Bansal Heavy machine Ltd purchased machine worth ₹ 3,20,000 from Handa Trader. Payment was made as ₹ 50,000 cash and remaining amount by issue of equity share of the face value of ₹ 100 each fully paid at an issue price of ₹ 90 each.
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Answer
Working Notes:-Number of share issued
$=\frac{\text{Amount Payable}}{\text{Issue Price}}$
$=\frac{2,70,000}{90}=3,000 \ \text{shares}$
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