Jindal Ltd. purchased a machine from Auto Ltd. for Rs. 38,00,000. As per purchase agreement Rs. 8,00,000 was paid in cash and balance by issuing of shares of Rs. 100 each at 20% premium. Calculate the number of shares issued. (
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Shift 30/05/2023 8:30 AM - 10:30 AM
A
30,000
B
25,000
C
37,500
D
24,000
Correct Answer
25,000
Detailed Explanation
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