The carrying value of bonds issued at a discount or at a premium will be different from their face amount at maturity, this statement is false.
The amount that a bond's issuer really owes the bondholder at any particular moment is known as the carrying value or book value of the bond. This is the par value of the bond less any outstanding discounts or including any remaining premiums.
On a company's balance sheet, numerous accounts show information about carrying value. In the Bonds Payable account, face value is shown as a credit balance. Unamortized premium is shown as a credit balance in the liabilities account for Premium on Bonds Payable. The Discount on Bonds Payable contra-liability account shows an unamortized discount as a debit balance. Long-term liability is documented for the present value.
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