Question
Ministry of higher education has issued RO 100,000 long term bond to finance their foreign students to study abroad. For this purpose, the government has
Ministry of higher education has issued RO 100,000 long term bond to finance their foreign students to study abroad. For this purpose, the government has created a capital project fund. The journal entry to record the transaction will be as __________________.
a.
Cash/Bank Dr Bond Payable Cr
b.
None of the option
c.
Long term bonds Dr Cash/Bank Cr
d.
Cash/Bank Dr Proceed from Bonds Cr
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
