Akon Ltd issued 12,000, 14% debentures of Rs 100 each on 1st April, 2021. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half- yearly on 30th September and 31st March and tax deducted at source is 15%.

You are required to pass the necessary entries related to the debenture interest for the half-yearly ending on 31st March, 2022 and transfer of interest on debentures to statement of profit and loss.