Mansi Ltd. had 6,000, `10%` Debentures of Rs. 100 each due for redemption on 31st March, 2019. assuming that the debentures were redeemed out of profits, pass necessary Journal entries for redemption of debentures. There was a credit balance of Rs. 6,00,000 in surplus, i.e., Balance in statement of profit and loss.

SRCC Ltd. Has 20,000,, 9% Debentures of Rs. 100 each outstanding as on 31st March, 2018. These debentures are due for redemption on 31st March, 2019 at a premium of 10% . The company had a credit balance of Rs. 22,00,000 in its Surplus, i.e., Balance in Statement of Profit and Loss. Instead of declaring a dividend it decided to redeem the debentures. Pass the necessary Journal entries in the books of the company for the redemption of debentures.

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.

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.

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.