On 31st March 2022 India limited redeemed rupees50000 ,12% debentures out of profitsjournalise the transactions

Here is how you can journalize the transactions:

Step 1: Identify the accounts involved. In this case, the accounts involved are "12% Debentures" and "Profit and Loss Appropriation Account" (assuming the profits are after appropriations).

Step 2: Identify the nature of the accounts. "12% Debentures" is a liability account and "Profit and Loss Appropriation Account" is an equity account.

Step 3: Apply the rules of debit and credit. According to the rules, decrease in liability is credited and decrease in equity is debited.

Step 4: Journalize the transaction. Here is how you can journalize the transaction:

Profit and Loss Appropriation Account Dr. 50000 To 12% Debentures Account 50000

(Being redemption of debentures out of profits)

Please note that the exact names of the accounts can vary depending on the company's accounting policies and practices.