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

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: Option B
Explanation
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