Pass necessary journal entries for the issue of Debentures in the following cases:

(i) Y Ltd. issued ₹5,00,000, 9% Debentures of ₹100 each at par redeemable at a premium of 10% after three year

(ii) Z Ltd. issued 4500, 9% Debentures of ₹100 each at a discount of 10% redeemable at a premium of 5% after three years

Marks-3, CBSE:2021-22/Term-2/Zone-4/Set-1/Q-6*