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FINANCE LEASE

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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March 13, 2015 at 7:30 am #232208
Willow
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how do I treat finance charge in balance sheet and income statement?
thanks
March 16, 2015 at 9:37 pm #232633
MikeLittle
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- Topics: 27
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As an expense in the statement of profit or loss.
It would only be on the statement of financial position if it were still unpaid and therefore would need to be accrued (or added to the underlying loan obligation)
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