Maturity of Bond
This query is : Resolved
11 May 2023
What will be journal entries for maturity of government of india bonds.
Purchased at discount. i.e. face value Rs.10000 & purchased at Rs.9000. on maturity received Rs.10000 & in books shown at Rs.9000.
Purchased at discount. i.e. face value Rs.10000 & purchased at Rs.9000. on maturity received Rs.10000 & in books shown at Rs.9000.
11 May 2023
Cr. Bond .... 9000/-
Cr. LTCG ..... 1000/-
Dr. Bank ..... 10,000/-
Cr. LTCG ..... 1000/-
Dr. Bank ..... 10,000/-
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