Z. Ltd. Issued 2,000, 14% debentures of Rs. 100 each on January 01, 2010 at a discount of 10%, redeemable at a premium of 10% in equal annual drawings in 4 years out of profits. f Jive journal entries both at the time of issue and redemption of debentures. (Ignore the treatment of loss on issue of debentures and interest).
