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Jain and Co. purchased a machine from Young Life Machine Limited for Rs.3,80,000. As per the purchase agreement, Rs. 20,000 were paid in cash and…

CUET UG 2025 — Accountancy Company Accounts

2025mcqeasy

Jain and Co. purchased a machine from Young Life Machine Limited for Rs.3,80,000. As per the purchase agreement, Rs. 20,000 were paid in cash and balance by issue of shares of Rs.100 each. How many shares are issued if the shares are issued at 20% premium.

Official previous-year question

Held on 30 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    3600

  2. B

    3200

  3. C

    3000

  4. D

    3800

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