In the Books of Lessor

[syedhassan]

hi back...MAANi..
sure its an ASSET leased and the payment recieved for the contract..
lets move to the basic concept....!!
what is the nature of transaction A lease NEVER A SALE..
only the POSESSION IS TRANSFERED FROM LESSOR TO THE CLIENT.
not the ownership, BUT for SOME CONSIDERATION...(Like a rented property.. )
its been years, when i used MIEGS & MIEGS...
but, if its the ENTRY there, its surely correct.
regards...
syedhassan...



ACCA