The Discount on Bonds Payable account is:

Name: The Discount on Bonds Payable account is:
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The Discount on Bonds Payable account is a contra liability account which is used to reduce the carrying value of the bond liability on the balance sheet. It represents the difference between the face value of the bond and the amount actually issued or sold to investors. The discount is amortized over the life of the bond and reduces interest expense.

The Discount on Bonds Payable Account Is