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.
CAclubindia
