Certainly! Let's go through the accounting entries for the Three Stars Chemical Company step by step, starting with the purchase of bonds and then recording the accrued interest and collection of interest.
### 1) Record the Purchase of Bonds in the Books of Accounts as on 1 April, 2020
On the purchase of bonds, the company will record the investment in bonds for the amount of Rs. 1,000,000.
**Journal Entry on 1 April 2020:**
| Date