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).

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.

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% .

Intex Ltd . Issued 10,000, 10% Debentures of ₹ 100 each at a primium of 10%, Payable along with application. Application were received for all the debentures issued and allotment was made. Pass the Journal enteries.