Z Ltd issued, 2000, 14% debentures of Rs 100 each on January 01, 2005 at a discount of 10% redeemable at a premium of 10% in equal annual drawings in 4 years our of profits. Give journal entries at the time of issue and redemption of debentures (Ignore the treatment of loss on issue of debentures and interest.)

Z Ltd issued, 2000, 14% debentures of Rs 100 each on January 01, 2005

1.	Z Ltd issued, 2000, 14% debentures of Rs 100 each on January 01, 2005 at a discount of 10% redeemable at a premium of 10% in equal annual drawings in 4 years our of profits. Give journal entries at the time of issue and redemption of debentures (Ignore the treatment of loss on issue of debentures and interest.)
Answer» Z Ltd issued, 2000, $14 %$ debentures of Rs 100 each on January 01, 2005 at a discount of $10 %$ redeemable at a premium of $10 %$ in equal annual drawings in 4 years our of profits. Give journal entries at the time of issue and redemption of debentures (Ignore the treatment of loss on issue of debentures and interest.)