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P2-D2.
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nabeel999777
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Sir,
When the lessor lease (finance lease) an asset he derecognize the asset and recognize a receivables which is PV of future cash inflows from lease.So how will we account for the difference between receivables(PV of cash inflows) and the CV of asset?Should we add that difference to SOPL as income?
P2-D2
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Hi,
Yes, just take any difference through profit or loss.
Thanks
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