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Leasing help

IFRS 581 views 5 replies

I wanted to ask why is Hotel Charges not considered as a Lease contract  as there is an underlying asset and there is right to direct the use been transferred and also all the economic benefits attached to the asset (hotel room) are getting transferred. Please help me with the reason why will it not be considered as a lease agreement!

Replies (5)
since hotel industry is providing group of service along with the room such as attendant, cleaning services, tele communication ser, food etc. So it is considered as service revenue

I have faced the same kind of problem in my thesis in the final year, and I was pretty shocked when the thesis writing services in Karachi helped me out not only in writing but also giving the recorded video lesson for the hotel management science and after review all of them I found the mistakes in their papers ;) 

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It's an operating Lease like a cab


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