On 1st Apirl, 2016, Sunster Ltd. Issued 10,000, 12% Debentures of ₹ 100 each at a discount of 5% redeemable at par as follows:
`{:("On 31st March, 2017 ","2,000 Debentures,"),("On 31st March, 2018 ","5,000 Debentures,"),("On 31st March, 2019 ","3,000 Debentures,"):}`
Interest is paid annully on 31st March .
You are required to pass the Journal entries, including for interest for the three years and prepare Discount on Issue of Debentures Account.

Explanation