Answer 1

                                    Books of Dinesh Ltd.
                                         Journal Entry

Date	Particulars	L.F.	Debit Amount (Rs.)	Credit Amount (Rs.)
2010 Apr.01	Bank A/c                               Dr.  To Debenture Application and Allotment A/c (Debenture application and Allotment received on 10,000 6% Debentures of Rs 100 each)		10,00,000	10,00,000
Apr.01	Debenture Application and Allotment A/c                Dr.  To 6% Debentures A/c (Debenture application and allotment transferred to 6% Debenture A/c)		10,00,000	10,00,000
Sept.30	Debenture Interest A/c    Dr.  To Income Tax Payable A/c  To Debentureholders A/c (Amount of interest due on debenture and TDS		30,000	9,000 21,000
Sept.30	Debentureholders A/c      Dr    To Bank A/c (Interest paid to Debenture holder)		21,000	21,000
2011 Mar.31	Debenture Interest A/c          Dr.   To Income Tax Payable A/c   To Debentureholders A/c (Amount due on Debenture and TDS)		30,000	9,000 21,000
Mar.31	Debentureholders A/c     Dr.      To Bank A/c (Interest paid to Debenture Holder)		21,000	21,000
Mar.31	Income Tax Payable A/c   Dr.      To Bank A/c  (Income Tax paid)		18,000	18,000
Mar.31	Profit and Loss A/c             Dr.     To Debenture Interest A/c (Interest on Debenture transferred to Profit and Loss A/c)		60,000	60,000