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Course: Accounting of financial institutions Q2. Pass journal entries in the books of lessor in case of...

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Finance

Course: Accounting of financial institutions

Q2. Pass journal entries in the books of lessor in caseof capital lease only for the first year under sale- type lessormethod.

The instructor want us to give imaginary numbers andpass journal entries for it

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In a sales type lease the PV of cash flows is accounted immediately upon the inception of the lease with the remainder accounted for over the term of the lease period The lessor should recognize the    See Answer
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Course: Accounting of financial institutionsQ2. Pass journal entries in the books of lessor in caseof capital lease only for the first year under sale- type lessormethod.The instructor want us to give imaginary numbers andpass journal entries for it

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