RC Ltd. Issued 15,000, `10%` Debentures of Rs. 100 each at par on 1st April, 2013 redeemable at `5%` premium in three yearly instalments by draw of lotes as follows :
`{:("On 31 st March, 2015",,"3,000 Debentures,"),("On 31 st March, 2016",,"6,000 Debentures,"),("On 31 st March, 2017",,"6,000 Debentures."):}`
The company complied with the legal requirements with respect to Debentures Redemption Reserve and investment (made in Government Securities on 1st April each year).
Pass Journal entries for Issue and Redemption of Debentures. Prepare relevant Ledger Accounts in the books of the company. Ignore interest paid and received.

Explanation

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