Hp Ltd. has 1,00,000, `8%` Debentures of Rs. 50 each due for redemption in five equal annual instalments starting from 30th June, 2015. Debentures Redemption Reserve has a balance of Rs. 5,00,000 on that date.
Pass Journal entries.

X Ltd. Has 40,000, 9% Debentures of Rs. 100 each outstanding as on 31st March, 2018. These debentures are due for redemption on 31st March, 2019. Debentures Redemption Reserve has a balance of Rs. 5,00,000 on 31st March, 2018. Pass Journal entries at the time of redemption of debentures.

Venus Ltd. had 9,000, 9% Debentures of Rs. 100 each due for redemption. These debentures are to be redeemed in 3 equal instalments (starting form 31st March, 2015) at a premium of 10% . The company had a balance of Rs. 25,000 in the Debentures Redemption Reserve. Pass necessary entries for redemption of debentures assuming that company transfer the balance of DRR to General Reserve after redeeming all the debentures.

India Textiles Corporation Ltd. has outstanding Rs. 50,00,000, 9% Debentures of Rs. 100 each due for redemption on 31st july, 2019. Pass Journal entries for redemption assuming that there is a balance of Rs. 3,00,000 in Debentures Redemption Reserve on the date of redemption.