Post Utme Babcock University 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2023 Accounting Objective / Multiple Choice
Question 25 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 25. It is one of the objective questions from the 2023 Post Utme Babcock University Accounting examination.

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