Banking
Held-to-Maturity Bond — Premium / Discount Amortization
Monthly amortization of the discount on a government bond held at amortized cost.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Investment Securities (Amortized Cost) | Asset (+) | 833.00 | - |
| Interest Income (EIR — Bond) | Revenue (+) | - | 833.00 |
💡 Accountant's Note
Bonds held at amortized cost (IFRS 9 AC category) use the EIR method. If purchased at a discount, the carrying value increases toward par value each month, boosting interest income beyond the coupon rate.
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