In respect of a lease arrangement, what are the accounting entries to be passed in the books of a leasor
Please inform
Thanks & regards
Shankar Banerjee
Menu
accounting entries in the books of alessee
Replies (1)
Depends on the kind of lease finance or operating. In case of a finance lease the payments due on the lease will be treated as a receivable and the asset will be removed from the balance sheet.
In case of an operating lease the asset will be carried at cost on the balance sheet and the lease rentals are taken to revenue as they accrue.
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
