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finance lease, initial deposit

This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.

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January 31, 2015 at 5:13 pm #224541
bik123
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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
January 31, 2015 at 5:18 pm #224543
MikeLittle
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In which records, the lessor or the lessee?
January 31, 2015 at 5:32 pm #224544
bik123
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Lessee
February 1, 2015 at 7:27 am #224571
MikeLittle
Keymaster
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Dr Obligation under Finance Lease account, Credit Cash
This is shown in the recorded lecture on leases! It’s free on this site!
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