A company paid cash in redemption of N10000 debenture. The accounting entry to record this will be to debit?

By: |Published on: Dec 7|Categories: Accounting JAMB| 0 comments

A. cash and credit debenture
B. debenture and credit cash
C. cash and credit capital
D. capital and debit cash

Correct Answer:

Option B – debenture and credit cash

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