Discount on Bonds Payable has a normal debit balance,as it reduces the carrying value of the bonds.

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Discount on Bonds Payable is a contra-liability account, which means it has a normal debit balance as it reduces the carrying value of the bonds. This account is created when bonds are issued at a discount to their face value. The discount is then amortized over the life of the bond, increasing the interest expense recorded each period and reducing the carrying value of the bonds.

Discount on Bonds Payable Has a Normal Debit Balance,as It