Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

How do you record a retired bond on the company's financial statements?


ANSWER


The BIDaWIZ Team's Answer:

Debit the "bond payable" liability account, on the balance sheet,

and credit a "cash" account, for the amount that was expended. Post

any difference to a "gain, or loss," on retirement of bonds account. 

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions