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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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