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.

Goodluck Ltd. purchased machinery costing Rs. 10,00,000 from Fair Deals Ltd. The company paid the price by issue of Equity Shares of Rs. 10 each at a premium of 25% . Pass necessary Journal entries for the above transactions in the books of Goodluck Ltd.

Jain Ltd. purchased machinery costing Rs. 10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50%, the company issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries in the books of Jain Ltd. for the above transactions.

Rocky Ltd. Pruchased building for ₹ 22,00,000. Half the payment was made by cheque and the balance half by issue of 9% Debentures of ₹ 100 each at a premium of 10%. Pass necessary Journal entries.

Vimal Ltd. purchased machinery of Rs. 9,90,000 from Kamal Ltd. The payment to Kamal Ltd. was made by issuing equity shares of Rs. 100 each. Pass the necessary Journal entries in the books of Vimal Ltd. for purchase of machinery and the issue of shares when (i) Shares were issued at par. (ii) Shares were issued at 25% premium.

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.

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 .

R Ltd. Purchased the assets of S Ltd. For ₹ 5,00,000. It also agreed to take over the liabilities of S Ltd. Amounted to ₹ 2,00,000 for a purchase consideration of ₹ 2,80,000. The payment of S Ltd. Was made by issue of 9% Debentures of ₹ 100 each at par. Pass necessary Journal entries in the books of R Ltd.

Sico Ltd. took over the assets of Rs 4,80,000 and liabilities of Rs 80,000 of Mittal Ltd. For a consideration of Rs 3,20,000. Rs 20,000 were paid by an acceptance in favour of Mittal Ltd. Payable after 3 months and the balance by issue of fully paid 8% Preference Shares of Rs 100 each at a premium of 50% . Pass the necessary Journal entries for the above transactions in the books of Sico Ltd.