General Ledger for Amortization/Accretion
- Nancy Cohn (Deactivated)
Owned by Nancy Cohn (Deactivated)
Both amortization and accretion are recognized in the income and cost section of the general ledger. To properly account for amortization and accretion, the general ledger is broken into three separate accounts to distinguish between Original Issue Discount, Acquisition/Market Discount, and Premium Amortization:
4001000401 Amortization of Premium
4001000402 Accretion of Discount
4001000800 Amortization of OID Premium/Discount