Do all journal entries please

Solution
.            Journal of Yash Ltd.

Date	Particulars	L.f	Dr	Cr
	Bank A/c.     Dr.		15000000
	To debenture Application A/c			15000000
	Being the application money on 5,00,000 debentures @ 30 per share received)
	Debenture Application A/c.           Dr.		15000000
	To 8% debentures A/c			15000000
	(Being the debenture Application money transferred to debentures Account)
	Debentures Allotment A/c.(5,00,000 × 64)            Dr.		32000000
	Discount on issue on debentures A/c.(6 × 5,00,000)    Dr.		3000000
	Loss on issues of debentures A/c.   Dr.		25,00,000
	To 8% debentures A/c(5,00,000 × 70)			35000000
	To premium on redemption of debentures A/c(5,00,000 × 5)			25,00,000
	Security premium reserve  A/c.    Dr.		40,000
	Statement of profit and loss A/c.  Dr.		54,60,000
	To discount/loss on issue of debentures A/c			55,00,000
	(Being the discount on issue of Debentures writen off)

note: security premium reserve is a capital reserve. When capital reserve is not sufficient to write off the full discount/loss on issue of debentures. Then remaining amount is written off against statement of profit and loss account.