ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BOND DISCOUNT Definition
BOND DISCOUNT is the excess of a bond face value over issued price.
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PREMIUM BOND is a bond selling above its par value or its value at maturity.
PROOF OF CASH is a reconciliation of the general ledger cash balance at both the beginning and end of a period, combined with a reconciliation of cash deposited for the period with the cash receipts journal, and a reconciliation of checks for the period with the cash disbursements journal.