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On 1st April, 2013 the following balance...

On 1st April, 2013 the following balances appeared in books of Blue and Green Ltd. :
`{:(12%"Debentures(Redeemable on 31th August, 2015)",,"Rs.20,00,000"),("Debentures Redemption Reserve",,"Rs.2,00,000"):}`
The company met the requirements of Companies Act, 2013 regarding Debentures Redemption Reserve and Debentures Redemption Investments and redeemed the debentures.
lgnoring interest on investments, pass necessary Journal entries for the above transactions in the books of company.

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Amount transferred to DRR Rs.3,00,000, Debenture Redemption Investment Rs.3,00,000, DRR transferred to General Reserve Rs.5,00,000.
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