08-26-2007, 06:02 PM
freinds, i have several queries relating to IAS 17 leases. one of which is
1. Manufacturers or dealer lessors should include selling profit or loss in the same period as they would for an outright sale. If <font size="4">artificially</font id="size4"> low rates of interest are charged,<font size="4">selling profit should be restricted to that which would apply if a commercial rate of interest were charged.</font id="size4">[IAS 17.42]
1. Manufacturers or dealer lessors should include selling profit or loss in the same period as they would for an outright sale. If <font size="4">artificially</font id="size4"> low rates of interest are charged,<font size="4">selling profit should be restricted to that which would apply if a commercial rate of interest were charged.</font id="size4">[IAS 17.42]
