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Lease accounting

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(Querist)
26 February 2010 What are the conditions to classify a lease agreement as Finance Lease agreement?
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CA Amit Joshi

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CA Amit Joshi (Expert)
26 February 2010 There are lot of points when lease is treated as finance leasa.
But the main thing is that, When lessor transfers substantially aal the risk and rewards incident to Ownership than it becomes finance Lease.
For more detal read AS-19.

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