Pass necessary journal entries for issue of debentures for the following transactions:

1. Kiero Ltd. issued 80,000, 9% debentures of ₹100 each at par, redeemable at a premium of 10%.
2. Naro Ltd. issued 50,000, 10% debentures of ₹100 each at a premium of 5%, redeemable at a premium of 10%.

Marks-4, CBSE: 2024-25/Zone-1/Set-1/Q-21