As-19 query urgent ?

CA Saroj Kumar (Keen to learn something new every moments)   (2588 Points)

30 April 2014  

What is the meaning of Unearned Finance Income ....How can i interprete It...

As per As-19

U.F.I= Gross investments-Pv of MLP+Pv of UGRV(Unguaranted Residual value)

Where,

Gross Investment means

= Pv of M.L.P + Pv of GURV at lessor stand point of view.

 

My query is what is exactly ..As wants to say  about Unearned Finance Income.....

TYUSM.

 for Reply............