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Hi,
How do you account for a bond bought at a discount but is been revalued to the market each month? For example a bond bought at 90, so does the discount of 10 still get reflected on the accounts even though it is been revalued each month?
What are the debits and credits?
Thanks!
How do you account for a bond bought at a discount but is been revalued to the market each month? For example a bond bought at 90, so does the discount of 10 still get reflected on the accounts even though it is been revalued each month?
What are the debits and credits?
Thanks!