Faith and Belief Ltd has total redeemable debentures of Rs. 5,00,000. It decides to redeem these debentures in two instalments of Rs3,00,000 and Rs 2,00,000 on December 31st 2018and March 31st 2020 respectively. Assuming that the Company has sufficient funds in Debenture Redemption Reserve Account, pass necessary journal entries for the year ending March 31st 2020.