Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Relating to Lease equalization Reserve under straight line method


Can anyone explain me the concept of Lease equalization Reserve in straight line, we have a lease agreement for 3.5 years and we are paying rent on monthly basis to the Tenant as per their GST bill issued by them, I have passed the journal entries every month as per GST & TDS deduction norms, but how does it pertains to Lease equalization Reserve & what journal entries I should post in order to consider lease equalization reserve.

Please suggest....?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries


Trending Tags