Whether ROU Assets and Lease Liability as required under Ind AS 116 needs to be created for cancellable leases.
Whether treatment is same for Cancellable lease and non cancellable lease ??
Whether ROU Assets and Lease Liability as required under Ind AS 116 needs to be created for cancellable leases.
Whether treatment is same for Cancellable lease and non cancellable lease ??
You need to check the practical position of cancellable clause i.e. whether it is economically viable or not / whether practically possible or not. Then we need to create ROU / liability.
YOGESH KAPOOR AND ASSOCIATES
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B.Com
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R P S K & Associates
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Shaswat initial support private limited
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SMJ global advisors pvt ltd
New Delhi
B.Com
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Rahul Dang & Associates-Chartered Accountants
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