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[" 29."Z" Ltd.purchased furniture costin...

[" 29."Z" Ltd.purchased furniture costing "₹2,20,000" from "C.D" Ltd.The payment was to be made be issued "],[" gob Preference Shares of "₹100" each at a premium of "₹" 10per share.Pass necessary Journal entries in the "],[" books of Z Led."]

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Z Ltd. purchased furniture costing Rs. 2,20,000 from C.D. Ltd. The payment was to be made by issue of 9% Preference Shares of Rs. 100 each at a premium of Rs. 10 per share. Pass necessary Journal entries in the books of Z Ltd.

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Sona Ltd. purchased machinery costing Rs. 17,00,000 from Mona Ltd. Sona Ltd. Paid 20% of the amount by cheque and for the balance amount issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries for the above transactions in the books of Sona Ltd. Show your working notes clearly .