Ridyum Limited issued 5,000, 9% debentures of ₹500 each at a premium of 10%. 

The amount was payable as follows: 

On Application — ₹200 per debenture

On Allotment — Balance (including premium)

The debentures were fully subscribed and all amounts were duly received.

Pass the necessary journal entries for issue of debentures in the books of Ridyum Limited.

Marks-4, CBSE: 2024-25/Zone-2/Set-1/Q-21