Sanjib Kumar Mondal (Passionate Learner) (117 Points)
19 February 2016
Sathish M
(Management Accountant)
(40581 Points)
Replied 19 February 2016
Executory costs are excluded because the obligation to meet such costs falls on the lessor. These are based on the Contractual lease agreements which could have in built clauses and demarcation of responsibilities.
For example - the property taxes on a building owned by lessor which is given on lease falls on the head of the lessor, hence it is excluded.
Sanjib Kumar Mondal
(Passionate Learner)
(117 Points)
Replied 20 February 2016
Sathish M
(Management Accountant)
(40581 Points)
Replied 20 February 2016
CAclubindia
