On 1st April, 2014, Popular Ltd. issued 20,000; 10% Debentures of Rs. 100 each at a discount of 10% redeemable at par. Show the Discount on Issue of Debentures Account if
(a) such debentures are redeemable after 4 years, and
(b) such debentures are redeemable by equal annual drawings in 4 years, starting from 31st March, 2015. Popular Ltd. follows financial year as its accounting year.