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IFRS16

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IFRS16

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by P2-D2.
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    Posts
  • November 3, 2023 at 11:43 am #694350
    asmaalhemairi
    Participant
    • Topics: 30
    • Replies: 22
    • ☆☆

    Hi sir,
    If one company terminates the lease agreement without notice what should the affected company do , what are the entries should be passed .

    The affected company doesn’t break the roles thus is not obliged to pay or record any loss in the P&l .
    How to charge this to the other company ?
    ( this is not q related company so no transfer of loss can take place )

    November 17, 2023 at 8:09 pm #695033
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7142
    • ☆☆☆☆☆

    Hi,

    This isn’t something that you would see in the FR exam, so I won’t be looking to answer this question sorry.

    Thanks

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