Godrej Ltd. has 20,000, `7%` Debentures of Rs. 100 each due for redemption on 31 st August, 2018. There is a balance of Rs. 3,50,000 in Debentures Redemption Reserve Account as on 31st March, 2016. Investment, as required by the Companies Act, 2013 is made on 1st April, 2017 in fixed deposit bearing interest pass Journal entries for redemption of debentures.

Mahima Ltd. Issued Rs. 38,00,000, 9% Debentures of Rs. 100 each on 1st April, 2013. The debentures were redeemable at a premium of 5% on 30th June 2015. The company transferred an amount of Rs. 9,50,000 to Debentures Redemption Reserve on 31st March, 2015. Investments as required by law were made in fixed deposit of a bank on 1st April, 2015. Ignoring interest on fixed deposit, pass necessary Journal entries starting form 31st March, 2015 regarding

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.

On 31 st March, 2003, G Ltd. Had Rs. 8,00,000 9% Debentures due for redemption. The company had a balance of Rs. 1,40,000 in its Debentures Redemption Reserve. Pass necessary Journal entries entries for redemption of debentures.

(Redemption of Debentures in case of Banking Company). Bank of India Ltd. Has outstanding 1,00,000, 10% Debentures of Rs. 10 each issued in 2015 due for redemption 30th June, 2019. How much amount of Debentures Redemption Reserve should be created before the redemption of debentures begins and also how much amount should it invest in specified securities ? Pass Journal entries at the time of redemption of debentures.

Grand Hotel Ltd. had 10,000, 12% Debentures of Rs. 100each outstanding as at 31st March, 2018. These debentures were due for redemption on 30th June, 2019. The company decided to transfer Rs. 5,00,000 to Debentures Redemption on 30th june,2019. The company decided to transfer Rs. 5.00,000 to Debentures Redemption Reserve on 31st March, 2019 and invest in fixed deposits with Canara Bank Rs. 1,50,000 on 1st April, 2019. Pass Journal entries for Debentures Redemption Reserve, Debentures Redemption Investment and redemption of debentures.