A lease agreement which does not has the provision for title transfer but entails substantial transfer of

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A lease agreement which does not has the provision for title transfer but entails substantial transfer of risk and reward related to lease in favour of the lessee should be classified as

(a) Finance lease

(b) Operating lease

(c) Sale and lease bank

(d) None of these

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 31, 2023 01:14 AM

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A lease agreement which does not has the provision for title transfer but entails substantial transfer of

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Financial Accounting

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