For maintaining a book of accounts, record in a journal entries in the books of lease contract
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For maintaining a book of accounts, record in a journal entries in the books of lease contract by creating lease receivable at its net investment in which, it is equal to the minimum lease payments discounted at the rate of interest implicit in the lease.
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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