Hi everyone..
In case of operating lease , how is lease rental payment recognized? say if it is 300000 p.a for 5 years what should be the answer?
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5188 Points)
Replied 31 October 2015
300000 divided by 60.
Ashpak Ali
(Finance Accounts Manager)
(87 Points)
Replied 31 October 2015
Operating Lease Expense should be recognise on the SLM (Straight Line Method)
i.g. Oeprating Lease cost/Total Number of Month
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