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.

(Redemption of Debentures in case of All India Financial Institutions). Export-Import Bank of India, an All India Financial Institution, has outstanding Rs. 50,00,000, 10% Debentures of Rs. 100 each issued in 2016, due for redemption on 31st March, 2019. State the amount of Debentures Redemption Reserve to be created before the redemption of debentures begins. Also, pass Journal entries for redemption of debentures.

Hp Ltd. has 1,00,000, 8% Debentures of Rs. 50 each due for redemption in five equal annual instalments starting from 30th June, 2015. Debentures Redemption Reserve has a balance of Rs. 5,00,000 on that date. Pass Journal entries.