How to post Entries for a Bond bought at Discount in Tally?
This query is : Resolved
18 January 2020
Dear Sir,
1. Kindly let me know How to post Entries for a Bond bought at Discount in Tally?
Facts are :
Bond bought for Rs.960/- (Market Value) on 15.01.2020.
Face Value : Rs.1000/-
Discount : Rs.40/-
Maturity Date : 20.3.2026.
Coupon : 10.15% p.a.
Frequency : Annually.
2. Also let me know wehether we should use Straight Line Method or Effective Interest Method for Amortization of Discount?
1. Kindly let me know How to post Entries for a Bond bought at Discount in Tally?
Facts are :
Bond bought for Rs.960/- (Market Value) on 15.01.2020.
Face Value : Rs.1000/-
Discount : Rs.40/-
Maturity Date : 20.3.2026.
Coupon : 10.15% p.a.
Frequency : Annually.
2. Also let me know wehether we should use Straight Line Method or Effective Interest Method for Amortization of Discount?
23 May 2020
The Bond needs to be debited and cash/bank needs to be credited.
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