Sale and lease back under finance lease

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Sale and lease back under finance lease

bilal azhar
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07-20-2009, 01:38 AM

An asset with carrying value of Rs. 300,000 was sold for Rs. 400,000 and then lease back at Rs. 500,000 udner the finance lease for a period of 3 years.. Would any body please tell me the accouting entries.

Thank you

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Sale and lease back under finance lease - by bilal azhar - 07-20-2009, 01:38 AM

[No subject] - by faisal_desperado - 07-21-2009, 05:10 AM

[No subject] - by bilal azhar - 07-21-2009, 08:39 PM

[No subject] - by faisal_desperado - 07-22-2009, 04:57 PM

[No subject] - by kamranACA - 07-22-2009, 07:00 PM

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