The purchasing company Janma Ltd agrees to issue two shares of Rs. 10 each, Rs. 75 paid up for every three shares in the vendor company Jay Ltd. Jay Ltd has Rs. 6,00,000 paid up capital of Rs. 100 each, Rs. 50 paid up. Calculate the number of shares and amount to be paid by purchasing company as purchase consideration
The purchasing company Janma Ltd agrees to issue two shares of Rs. 10 each, Rs. 75 paid up for every three shares in the vendor company Jay Ltd. Jay Ltd has Rs. 6,00,000 paid up capital of Rs. 100 each, Rs. 50 paid up. Calculate the number of shares and amount to be paid by purchasing company as purchase consideration
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The purchasing company Janma Ltd.
agrees to issue two shares of Rs. 100
each, Rs.
75 paid up for every three shares in
the vendor company Jay Ltd. Jay Ltd.
has Rs.
6,00,000 paid up capital of Rs. 100
each, Rs. 50 paid up. Calculate the
number of
shares and amount to be paid by
purchasing company as purchase
consideration.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86fbee95-2bd3-44ee-b7b2-e46cd91d0f37%2Fd0b46a22-a2ca-4082-a155-d881eb3a2ae3%2Fp877pr8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The purchasing company Janma Ltd.
agrees to issue two shares of Rs. 100
each, Rs.
75 paid up for every three shares in
the vendor company Jay Ltd. Jay Ltd.
has Rs.
6,00,000 paid up capital of Rs. 100
each, Rs. 50 paid up. Calculate the
number of
shares and amount to be paid by
purchasing company as purchase
consideration.
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