Bright Ltd. Issued 5,000, 10% Debentures of ₹ 100 each on 1st April, 2015. The issue was fully subcribed. Accounting to the terms of issue, interest on the debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%
Pass necessary Journal entries related to the debenture interest for the year ending 31st March, 2016 and transfer of interest on debentures of the year to the Statement of Profit and Loss.

BG Ltd. Issued 2,000, 12% Debentures of ₹ 100 each on 1st April, 2012. The issue was fully subscribed. According to the terms of issue, on the debentues is paypble half-yearly on 30th September and 31st March and the tax deducted at source is 19%. Pass necessary Journal enteries related to the debenture interest for the half- yearly ending 31st March, 2013 and transfer of interest on debentures of the Statement of Profit and Loss.

Times Sports Ltd. Issued 15,000, 10% Debentures of ₹ 100 each on 1st April, 2018.The issue was fully subscribed. According to the terms of iusse, interest is payable on half-yearly basis. Pass Journal entries for Interest on Debentures for the year ended 31st March, 2019 (Ignore TDS).

XYZ Ltd. Issued 5.000. 10% Debentures of ₹ 100 each on 1st April, 2015 at a discount of 10% redeemable at a primium of 10% after 4 years . Give Journal entries for the year ended 31st March, 2016, assuming that the interest was payable half-yearly on 30th September and 31st March. Tax is to be deducted @ 10% .

Bule Ltd. Issued ₹ 8,00,000, 9% Debentures of ₹ 100 each at per and redeemable at 10% premium at the end of sixth year. Pass Journal entries for issue of debentures.

On 1st Apirl, 2018, Relaxo Ltd. Purchased assets of ₹ 4, 30,000 and took over liabilities of ₹ 90,000 of Greg Ltd. At an agreed value of ₹ 3, 80,000. It issue to the venor, 10% Debentures of ₹ 100 each 100 each at 5% discout, redeemable at par after 5 yea₹, in full satisfaction of the purchase price. ltbRgt On the same date, the company issued 500, 11% Debentures of ₹ 100 each as a collateral security to a bank who had advenced a loan of ₹ 45,000 to it for a period of 3 yea₹ and also issued 5,000 12% Debentures of ₹ 100 each at par, redeemable after 3 yea₹ at 5% premium. Additional Information: The interest on debentures is paid half yearly on 30th September and 31st March each year. Tex deducted at source @ 20% .The Company had ₹ 1,20,000 in its Securities Premium Reserve Account at the end of the year (Ignore interest on bank loan). you are required to pass Journal entries in the books of Relaxo Ltd. for the year ended 31st March, 2019.

Ada₹h Cosmetics Ltd. Issued 5,000, 9% Debentures of ₹ 100 each on 1st April, 2019 redeemable at a premium of 8% after 10 yea₹. According to the terms of prospectus ₹ 40 is payable on application and balance on allotment of debentures. Pass the necessart entries regarding issue of debentures.

On 1st April, 2015, V.V.L. Ltd. Issued 1,000, 9% Debentures of ₹ 100 each at a discount of 6%, redeemable at a premium of 10% after three years. Pass necessary Journal entries for the issue of debentures and debentures interest for the year ended 31st March, 2016, assuming that interest is payable on 30th September and 31st March and the rate of tax deducted at source is 10% .