X Ltd issued 5,000 15% debentures of Rs 100 each on January 01, 2004 at a discount of 10% redeemable at a premium of 10% in equal annual drawings in 4 years out of capital. Give journal entries both at the time of issue and redemption of debentures. (Ignore the treatment of loss on issue of debentures and interest.)

X Ltd issued 5,000 15% debentures of Rs 100 each on January 01, 2004 a

1.	X Ltd issued 5,000 15% debentures of Rs 100 each on January 01, 2004 at a discount of 10% redeemable at a premium of 10% in equal annual drawings in 4 years out of capital. Give journal entries both at the time of issue and redemption of debentures. (Ignore the treatment of loss on issue of debentures and interest.)
Answer» X Ltd issued 5,000 $15 %$ debentures of Rs 100 each on January 01, 2004 at a discount of $10 %$ redeemable at a premium of $10 %$ in equal annual drawings in 4 years out of capital. Give journal entries both at the time of issue and redemption of debentures. (Ignore the treatment of loss on issue of debentures and interest.)