This contra account includes the unamortized difference between the face value of bonds and their sales price. A premium results when the price paid is greater than the bond face value. Use account 22611000 for discount. Note: Former account title was Underwriters Fees, but this account should now only be used as defined above. For proprietary funds, this is a noncurrent liability with the Bonds & similar debt caption on the ACFR 11P. For governmental funds, this is the caption Bonds and similar debt payable in General Long Term Debt, GASB 5200 in the ACFR 11G.