what are the types of leasing and their accounting entries?

Answer Posted / rajesh

There are 2 types of leases Operational lease & Capital
lease.

Capital leases are capitalised at the end of the leasing
period till that time the owener ship is with lessee.

Operational lease is the lease whose ownership is never
transferred.

Is This Answer Correct ?    0 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1925


Do v call director in the partnership firm?

1721


What is the difference between income statement & Profit&loss A/c?

1463


what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1484


respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

1563






pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

1536


you went outside to purchase vegetagles, suddently big rain came then what you will do

1640


What is Summarising

1852


what is participation right is it a debt? or not?

1660


Expand-------NSAC

1466


what is the main link between the income statement and the balance sheet?

1628


Total numbers of companies listed on stock Exchange?

2092


What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.

2022


what is exercise duty how to calculate that and how to update in tally

1746


what are the types of provisions that you would make for the end of a financial year?explain

1479