OPerating lease accounting

This topic has 1 reply, 2 voices, and was last updated 15 years ago by MikeLittle.

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April 30, 2011 at 7:43 pm #48280
ACCA LOVER!!!
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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
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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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