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Zee Ltd. Issued 10,000, 105 Debentures o...

Zee Ltd. Issued 10,000, 105 Debentures of ₹ 100 each as collateral security for a loan of ₹ 8,00,000 from Dena Bank. The company was unable to repay the loan which interest payable was ₹ 2,00,000 as on 31 March, 2019.
Dena Bank, on 31st March, 2019, exercised the right vested in it by way of debentures being issued as collateral Security.
Pass Journal entries in the books of Zee Ltd on 31st March, 2019.

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