On April 1, 2009 Wizex Limited (WL) issued foreign currency denominated debentures worth 1,00,000 US $ the debentures with initial exchange rate ₹45 per dollar, these are redeemable in four equal installments at an interval of six months. The exchange rate on the respective redemption date was as follows:

On September 30, 2009, ₹46 per dollar; on March 31, 2010 ₹45.50 per dollar; on September 30, 2010 ₹45.25 per dollar and on March 31, 2011 ₹ 45.60 per dollar. Apart from the principle amount interest is to be paid @ 9% per annum at six-monthly interval.

Show how financial liability and exchange difference is to be recognized.