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

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

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

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Cash and credit debenture
B Debenture and credit cash
C Cash and credit capital
D Capital and debit cash

Correct Answer: Option B

Explanation:

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