Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
When the investing company sell a bond, it records a selling price net of all transaction costs and commissions. The seller also records any accrued interest. The first step in recording the sale of a bond requires one to determine the appropriate amount of the amortization of a discount or a premium. This is necessary to calculate the amount of gain or loss realized from the sale of the investment.
- 1066 reads
