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?
CAclubindia
