Hero Ltd. purchased plant and machinery for Rs. 18,00,000 from Pearl Machines Ltd. payable Rs. 3,00,000 by drawing a promissory note and the balance by issue of 9% debentures of Rs. 100 each at a premium of 20%.

Pass the necessary journal entries in the books of Hero Ltd. for the above transactions. 

Marks-3/6, CBSE:2019-20/Main/05/Q-20*