DLF Ltd issued 20,000, 10% debentures of Rs 100 each on 1st April. 2014. The issue was fully subscribed. According to the terms of issue, interest on the debentures is payable half-yearly on 30th September and 31st March and the tax deducted at source is 10%. Pass necessary journal entries related to the debenture interest for the half-yearly ending 31st March 2015 and transfer of interest on debentures of the year to the statement of profit and loss

ABC Ltd purchased assets of the book value of Rs.8,00,000 and took over the liabilities of Rs.1,00,000 from XYZ Ltd. It was agreed that the purchase consideration, settled at Rs.7,60,000, be paid by issuing debentures of  Rs.100 each.
What journal entries will be made in the following three cases if debentures are issued: (i) at par, (ii) at a discount of 10%and (iii) at a premium of 10%? It was agreed that any fraction of debentures be paid in cash.

RST Ltd had 6,000, 10% debentures of Rs 100 each due for redemption on 31st March, 2015. Assuming that the debentures were redeemed out of profits, pass necessary journal entries for the redemption of debentures. There was a credit balance of Rs 6,00,000 in surplus, i.e. balance in statement of profit and loss.

PQR Ltd purchased for cancellation Rs 50,000 of its 15% debentures at Rs 98. The expenses of purchase amounted to Rs 50. Journalise.

A company issued 8,000, 10% debentures of Rs 100 each, payable Rs 20 on application and the remaining amount on allotment. The debentures were applied for and allotted. All money was received. Give the journal entries and the balance sheet.

Suresh Ltd on 1st April, 2012 acquired assets of the value of Rs.6,00,000 and liabilities worth Rs.70,000 from P and Co at an agreed value of Rs.5,50,000. Suresh Ltd issued 12% debentures of Rs.100 each at premium of 10% in full satisfaction of purchase consideration. The debentures were redeemable 3 years later at a premium of 5%. Pass entries to record the above including redemption of debentures.

On 1st January, 2011, a Public Limited Company issued 15,000, 10% debentures of Rs.100 each at par which were repayable at a premium of 15% on 31st December, 2015. On the date of maturity, the company decided to redeem the above mentioned 10% debentures as per the terms of issue, out of profits. Surplus, i.e. balance in statement of profit and loss shows a credit balance of Rs  20,00,000 on this date. The offer was accepted by all the debenture holders and all the debentures were redeemed.
Pass necessary journal entries in the books of the company only for the redemption of debentures.

Rohtash Ltd redeemed 400, 9% debentures of Rs 1,000 each at a premium of 5% on 31st March, 2016. Debentureholders' were given equity shares of Rs 100 each at a premium of Rs 20 per share. Give journal entries in the books of company.