- This topic has 1 reply, 2 voices, and was last updated 3 months ago by
P2-D2.
P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Sourav9271
- Topics: 159
- Replies: 104
- ☆☆☆
Hello sir,
Was lately watchin’ the lectures on Lease.Thereby you recognised ROU with P.V of lease Liab+Initial Direct costs and – incentive..
However the lease liab consisted only of the P.VWhy isn’t the double entry matching?
Is it the case that initially DR ROU
CR lease liab @P.V of paymentsAnd then
Deal with ROU seperately by
DR Initial direct costs (SOPL)
CR Incentive (SOPL).
P2-D2
- Topics: 4
- Replies: 6165
- ☆☆☆☆☆
Hi,
The entries would balance and I think you are missing the entry to bank for the payment of the initial direct costs. It would be easier to answer if you used numbers in your example.
Thanks
Sourav9271
P2-D2Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.