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Doubt?

Financial Reporting

When We Take an asset on lease we show it as Financing Activity isn't it? When we take an asset on lease and we give it to sub lease can we show transactions in Net basis (as i'm thinking it falls under exceptions) Video Details Ind AS - CA Final Ind AS 7 Cash Flow Statements 23. Summary


Surya Prakash

Surya Prakash

CA Final

14K+

21-Feb-24 19:29

89

Answers (3)

When asset is given on lease, ROU asset is recognised and would fall under investing activity.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

22-Feb-24 18:01

CA Suraj Lakhotia Admin

When asset is given on lease, ROU asset is recognised and would fall under investing activity.

Then if sub lease we can record at net basis?


Thread Starter

Surya Prakash

Surya Prakash

CA Final

14K+

22-Feb-24 18:04

Sub lease is investing activity.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

22-Feb-24 18:53

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