A company paid cash in redemption of N10,000 debenture. The accounting entry to record this...
FINANCIAL
JAMB 2005
A company paid cash in redemption of N10,000 debenture. The accounting entry to record this will be to debit?
- A. cash and credit debenture
- B. debenture and credit cash
- C. cash and credit capital
- D. capital and debit cash
Correct Answer: B. debenture and credit cash
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