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Bond Interest Expense — Monthly Accrual
Accruing monthly interest on outstanding bonds using the effective interest rate method.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Interest Expense (Bond — EIR) | Expense (+) | 1,041,667.00 | - |
| Accrued Interest Payable (Bond) | Liability (+) | - | 1,041,667.00 |
💡 Accountant's Note
A JOD 250M bond at 5% p.a. accrues JOD 1,041,667/month. The EIR method means the actual interest expense includes amortization of issuance costs — slightly higher than the nominal coupon.
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