IAS 17 leases
chris09
Registered Posts: 6 Regular contributor ⭐
Hi,
If I am given a lease payment in the trial balance would I need to deduct this amount from cash and cash equivalents to represent the payment in the statement of financial position?
any help would be greatly appreciated.
thanks
chris
If I am given a lease payment in the trial balance would I need to deduct this amount from cash and cash equivalents to represent the payment in the statement of financial position?
any help would be greatly appreciated.
thanks
chris
0
Comments
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I think it's highly unlikely they would put this in the statements for your exam. I have never seen this in any practice paper.0
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It would very much depend on if it was an operating lease or a finance lease. There would be 2 very different treatments.AAT
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