Under sale and lease bank transaction involving finance lease, the recognition of profit or loss from the
Question:
Under sale and lease bank transaction involving finance lease, the recognition of profit or loss from the transaction should be
(a) As deferred income or loss over the lease term
(b) As an expense in the year of inception of lease
(c) Subjective as per the accounting policy of the vendor–lesseee
(d) None of these
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a As deferred income ...View the full answer
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