A company paid cash in redemption of ₦10,000 debenture. The accounting entry t...
Question
A company paid cash in redemption of ₦10,000 debenture.The accounting entry to record this will be to debit
Options
A)
cash and credit debenture
B)
debenture and credit cash
C)
cash and credit capital
D)
capital and debit cash
The correct answer is B.
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