- This topic has 5 replies, 2 voices, and was last updated 14 years ago by
.
Viewing 6 posts - 1 through 6 (of 6 total)
- Posts
Hi Mr. Mike,
I had a question regarding Leases.How do we account for when a dealer or manufaacturer gives us a option of buying or leasing.how do we show this in the FS.
I don’t honestly know! And I don’t remember this point ever being in an exam question. I could guess and say that it should be shown as an asset at a value ( which the examiner would give you ). However, I’ll need to apply my mind deeply to the problem of where the credit entry would be – maybe credited within SoCI.
BUT THAT’S ALL GUESS WORK – sorry 🙁
Hi MR. Mike
Thankyou Mr. Mike i will try to see the Standard which i got from IASplus may that might help.
Viewing 6 posts - 1 through 6 (of 6 total)
- You must be logged in to reply to this topic.