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IFRS 16 prepaid rent

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 16 prepaid rent

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  • May 12, 2023 at 11:30 am #684245
    syedraza007
    Participant
    • Topics: 3
    • Replies: 0
    • ☆

    Hi,

    What would be treatment for prepaid rent under IFRS 16?

    Thanks

    May 13, 2023 at 7:44 am #684272
    Stephen Widberg
    Keymaster
    • Topics: 15
    • Replies: 3336
    • ☆☆☆☆☆

    Pay rent

    DR Liability Cr Cash

    Makes no difference whether an advance or arrears – double entry always the same.

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