10-29-2010, 04:19 PM
Can anyone solve this for me pls?
Issuance of bonds
Number of bonds = 1000
Face value = 1 bond of Rs. 1000 and interest rate is 12%
term/period = 5 years
Issued at discount i.e. = Rs. 900
On maturity it will be redeemed at Rs. 1100
I want to know its
Accounting treatment
Issuance
Interest/Payment
closing entry
and reporting in financial statement.
Issuance of bonds
Number of bonds = 1000
Face value = 1 bond of Rs. 1000 and interest rate is 12%
term/period = 5 years
Issued at discount i.e. = Rs. 900
On maturity it will be redeemed at Rs. 1100
I want to know its
Accounting treatment
Issuance
Interest/Payment
closing entry
and reporting in financial statement.
