pass journal entry for issue of redemption of debenture...

1. 15000,9% debenture of rs 250 each issued at 5% premium ,repayable at 15% prmium

Bank A/c Dr. (15,000 x 262.5)      3,937,500
    To Debenture Application A/c      3,937,500

Debenture Application A/c Dr.         3,937,500
Loss on Issue of Debenture A/c Dr.  5,62,000              (15,000 x 37.5)
     To Debenture A/c                                    3,750,000              (15,000 x 250)
      To Securities Premium A/c                    1,87,500              (15,000 x 12.5)
      To Premium on Redemption A/c            5,62,000              (15,000 x 37.5)