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

[Ans.: 2,000; 9% Preference Shares is to be issued.]

Anurag Pathak Changed status to publish September 3, 2023