Examlex
Parentheses can be used to override the order of operations in an arithmetic expression.
Premium on Bonds Payable
The extra amount over the face value that investors are willing to pay for a bond, reflecting better interest or lower risk.
Debit Balance
A situation in an account where the sum of debits exceeds the sum of credits, indicating assets or expenses.
Contra Account
An account used in financial reporting to reduce the value of a related account, creating a net balance that reflects the true value of an asset or revenue.
Carrying Value
The amount at which an asset is recognized on the balance sheet, calculated as the asset's cost minus depreciation and amortization.
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