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Accountancy

Is Leasehold premises currant asset or non currant assets?

Sumita Shah

CA Inter

★ 2K+

20-Feb-22 20:44

603

Answers (1)

If someone has taken on an operating lease - it is not an asset in their books. If someone has given an operating lease it is a noncurrent asset. If it is a finance lease - pls check for treatment in AS 19

Sriram Somayajula

Admin

21-Feb-22 07:54

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