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Leases - Lease table headings

Wwyingjie11y ago
Hi Tutor, With reference to the technical article (https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f7/technical-articles/accounting-for-leases.html) on Leases for split lease year treatment, is this how I look at the lease table headings? Year 1 - Balance Fwd is 31 Mar 09 (Accounting year-end) and 30 Sep 09 (end of 1st year lease) Year 2 - Balance Fwd is 31 Mar 10 (Accounting year-end) and 30 Sep 10 (end of 2nd year lease) Hence, if Number Co entered into an agreement to lease a machine on 1 October 2005, is this how I look at it? Year 1 - Balance Fwd is 31 Mar 06 (Accounting year-end) and 30 Sep 06 (end of 1st year lease) till... Year 5 - Balance Fwd is 31 Mar 10 (Accounting year-end) and 30 Sep 10 (end of 5th year lease)
MikeLittleMikeLittleTutor11y ago#1
That sounds to be good to me
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