Skip to content
Sign inRegister
ACCA exam results — Are you ready?Chat about it >>

Ask the Tutor ACCA FR

finance lease, initial deposit

MMaciek11y ago
Hi Tutor, Please advice me on following. When finance lease is undertaken and lessee pay initial depsoit, where this payment of deposit is reflected in financial statement? Thanksl
MikeLittleMikeLittleTutor11y ago#1
In which records, the lessor or the lessee?
MMaciek11y ago#2
Lessee
MikeLittleMikeLittleTutor11y ago#3
Dr Obligation under Finance Lease account, Credit Cash This is shown in the recorded lecture on leases! It's free on this site!
Sign in to reply to this topic.