Archive | Leasing

Accounting for Lease as per Accounting Standards

After reading this article you will learn about the Accounting for Lease as per Accounting Standards (AS)–19:- 1. Scope of Lease 2. Definitions of Lease 3. Classification 4. Financial Statements of Lessees 5. Financial Statements of Lessors 6. Sale and Leaseback Transactions. Contents: Scope of Lease Definitions of Lease Classification of Leases Leases in the Financial Statements of Lessees Leases [...]

By |2016-06-28T09:22:02+05:30June 28, 2016|Leasing|Comments Off on Accounting for Lease as per Accounting Standards
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Operating Lease and Financial Lease

This article throws light upon the top two types of lease. The types are: 1. Operating Lease 2. Financial Lease. Type # 1. Operating Lease: An operating lease is usually characterised by the following features: (i) It is a short-term lease on a period to period basis. The lease period in such a contract is less than the useful life [...]

By |2016-06-28T09:22:02+05:30June 28, 2016|Leasing|Comments Off on Operating Lease and Financial Lease
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