IFRS 16 prepaid rent

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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: 17
- Replies: 3453
Pay rent

DR Liability Cr Cash

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

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.