A company paid cash in redemption of N10,000 debenture. The accounting entry to record this…

Accounts - Principles of Accounts JAMB 2005

A company paid cash in redemption of N10,000 debenture.
The accounting entry to record this will be to debit?

  • cash and credit debenture
  • debenture and credit cash checkmark
  • cash and credit capital
  • capital and debit cash

The correct answer is: B

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