Please tell me the answer of Question1 part (b) of today's accounts paper.I was not able to solve it as lease payments was missing.
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Ipcc advanced accounts answer
Replies (6)
You need to calculate the lease payments by applying the IRR rate to PV. PV= 600000 (-) 45078 = 554922. lease payments = 554922/2.4868= 223147. unearned finance inome to be computed likewise. And it constitutes a finance lease.
I am still not able to understand.Can someone please provide the complete solution ?
The solution is given in the nov 2011 RTP
Agree with Jyoti
| Originally posted by : jyoti | ||
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The solution is given in the nov 2011 RTP |
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Thanks.found the answer
welcum:)
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