Zigna Limited (ZL) acquired machinery from Alok Healthcare (AH) on operating lease for a period of three
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Zigna Limited (ZL) acquired machinery from Alok Healthcare (AH) on operating lease for a period of three years. The lease rent payable by ZL are ₹50,000; ₹1,10,000 and ₹1,40,000 during three years, respectively. Show how ZL should recognize the lease rent in its accounts.
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Here total lease rent of 300000 50000 110000 140000 should be allocated over the ...View the full answer
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