What expense account should I expense a bond premium?

0 ⤊

What expense account should I expense a bond premium?

2007-12-26 03:16:59 · 2 answers · asked by Mar 1 in Business & Finance ➔ Other - Business & Finance

2 answers

A bond premium is amortised over the life of the bond and each interest payment period, the amortisation of the bond premium is net off the bond interest. Amortisation of bond discount, on the other hand, is added to bond interest.

2007-12-27 16:32:04 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

Insurance expense

2007-12-26 11:20:50 · answer #2 · answered by jwishz 7 · 0⤊ 0⤋