Ownclasses

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.

Answer
Disha Ltd purchased machinery from Nisha Ltd. and paid to Nisha Ltd. a