Hi,
How a finance lease entry will be passed for a lease of 5 year , say rent has been received in advaced of rs 500000 p.a How the calculation of finance charges will be calculated?
Menu
FINANCE LEASE AS
Replies (2)
Quick Summary
Finance charges should be calculated as per installment basis and should follow mercantile accounting.. Finance charges should be charged on principal value
But the amount will deducted in payment basis in year 0
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
