On 1st April, $\displaystyle 2024$, Deendayal Ltd. issued $\displaystyle 80,000$, $\displaystyle 10$% Debentures of t $\displaystyle 100$ each at a premium of $\displaystyle 9$%, redeemable at par after $\displaystyle 6$ years. The company closes its books on 31st March every year. Pass necessary journal entries in the books of Deendayal Ltd. for issue of debentures, payment of interest on debentures and writing off interest for the year ended 31st March, 2025.

Books of Deendayal Ltd. Journal Date Particulars L Dr. Cr. F Amount Amount (₹) (₹) $\displaystyle 2024$ April $\displaystyle 1$ Bank A/c Dr. $\displaystyle 87,20,000$ To Debenture Application and Allotment A/c $\displaystyle 87,20,000$ (Debenture application money received) April $\displaystyle 1$ Debenture Application and Allotment A/c Dr. $\displaystyle 87,20,000$ To $\displaystyle 10$% Debentures A/c $\displaystyle 80,00,000$ To Securities Premium A/c $\displaystyle 7,20,000$ (Debenture application money transferred to $\displaystyle 10$ % Debentures A/c and securities premium account) $\displaystyle 2025$ March $\displaystyle 31$ Debenture Interest A/c Dr. $\displaystyle 8,00,000$ To Debentureholders’ A/c $\displaystyle 8,00,000$ (Debenture interest due) March $\displaystyle 31$ Debentureholders’ A/c Dr. $\displaystyle 8,00,000$ To Bank A/c $\displaystyle 8,00,000$ (Debenture interest paid) March $\displaystyle 31$ Statement of Profit and Loss Dr. $\displaystyle 8,00,000$ To Debenture Interest A/c $\displaystyle 8,00,000$ (Debenture interest written off from profits) .