For Daily Free Study Material Join wiredfaculty Whatsapp Group | Download Android App | Ncert Book Download
Sponsor Area
Disha Ltd purchased machinery from Nisha Ltd. and paid to Nisha Ltd. as follows :(i) By issuing 10,000 equity shares of ₹ 10 each at a premium of 10%(ii) By issuing 200, 9% debentures of ₹ 100 each at a discount of 10%.(iii) Balance by accepting a bill of exchange of ₹ 50,000 payable after one month.Pass necessary journal entries in the books of Disha Ltd. for the purchase of machinery and making payment to Nisha Ltd.
