Post Utme Babcock University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_BABCOCK_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued a 10% debenture at par. Prepare the journal entry to record the issuance of this debenture.

Answer Options

Correct Answer A. Debit Cash 100; Credit Debentures 100
B. Debit Debentures 100; Credit Cash 100
C. Debit Cash 100; Credit Interest Expense 10
D. Debit Interest Expense 10; Credit Debentures 100
Correct Answer
A
Correct Option:
Debit Cash 100; Credit Debentures 100

About This Question

This is Post Utme Babcock University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

View More Post Utme Babcock University 2023 Accounting Questions More Post Utme Babcock University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support