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OPerating lease accounting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › OPerating lease accounting

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  • April 30, 2011 at 7:43 pm #48280
    ACCA LOVER!!!
    Member
    • Topics: 29
    • Replies: 52
    • ☆☆

    Hi,

    If you have a commitment to a lease for 4 years – do you have to hold any liability in the balance sheet for this? Or for operating leases we just Cr cash and Dr expense account?

    Thanks

    May 4, 2011 at 2:02 pm #81313
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    There are 2 good articles in Student Accountant on exactly this point – October 2010 by Bobbie Retallack and March 2011 by Tom Clendon.

    read those and, if you still have a problem, post again

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