NCAS

Bonds and Interest Payable (COA)

Bonds Payable

This account subgroup is used to record the principal payment related to bond indebtedness which has matured or will mature within one year.
  • 216100 Revenue Bonds Payable (old title: Coupon Bonds Payable)
This account is used to record the principal payment related to revenue bond indebtedness which has matured or will mature within one year.  (Note: Account was formerly titled Coupon Bonds Payable.  Effective for year end 6/30/03, account 216100 must only be used for revenue bonds payable as defined above. See account 226101 for General Obligation Bonds payable.)
  • 216105 Certificates of Participation Payable

Interest Payable

This account consists of interest which has matured but remains unpaid and accrued interest.
  • 216210 Matured Interest Payable
This account is used to record unpaid interest on bonds that have reached or passed their maturity date.
  • 216220 Accrued Interest Payable
This account is used to record interest costs that have been incurred but is not due until a later date.