Lease Accounting
This query is : Resolved
12 November 2008
Hi,
As per AS-19, in case of Finance Lease lease initially it has to be recorded in Assets side as well as Liability Side.
Can any one suggest me the actual entry??
Regards
Rupesh Nigam
As per AS-19, in case of Finance Lease lease initially it has to be recorded in Assets side as well as Liability Side.
Can any one suggest me the actual entry??
Regards
Rupesh Nigam
13 November 2008
Entry s to be passed in Lessee's book for incomming asset by Debiting Lease Assets account
There are various scheme of enteries which cannot be given now.
U can refer Rawat book for Accing Std
There are various scheme of enteries which cannot be given now.
U can refer Rawat book for Accing Std
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