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Venus Ltd. had 9,000, 9% Debentures of Rs. 100 each due for redemption. These debentures are to be redeemed in 3 equal installments (starting from 31st March,2015) at a premium of 10%. The company had a balance of Rs. 25,000 in the Debentures Redemption Reserve. Pass necessary entries for redemption of debentures assuming that company transfer the balance of DRR to General Reserve after redeeming all the debentures. 

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As per circular no.04/2015 issued by ministry of corporate affairs every company in required to create maintain DRR Shall on or before year, deposit or invest, as the case may be a sum which shall not be less fifteen percent of the amount of its debentures maturing during day of March next following year. Accordingly, entry for in investment in Government securities has been passed a year before first redemption,Also, it has been assumed that investments will be enchased debenture are redeemed.

Note:

The question is silent in regards to the payment of interest Accordingly, following entries may be passed at end of every years of debentures. However it may ignored as nothing has been explicitly in the question.

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