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  5. A company paid cash...

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?
  • A. cash and credit debenture
  • B. debenture and credit cash
  • C. cash and credit capital
  • D. capital and debit cash
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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