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Sir In leases, the subsequent year entries will be
Finance cost Dr.
Lease liabilities Dr.
Bank Cr.We show finance cost in P&L and decrease total lease liability. Is this treatment correct??
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I wanna sak you that we don’t show the impact of Bank in balance sheet, which is credit in entry, can you tell me why??
No need to show the bank as the bank will have a lot of other entries.
No harm done if you do show it.
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