P&L account

Accountancy

What if we take a lease of the building to store our finished goods for 50 years, we have show them P&L account or Balance Sheet?

Vijay K

CA Inter

★ 9K+

30-Jun-21 11:48

559

Answers (3)

You will understand about this at CA Inter.

CA Suraj Lakhotia

Admin

30-Jun-21 11:49

There's a separate accounting standard which you learn accounting of leases in your higher studies

MEHER P

CA Final

★ 415

30-Jun-21 13:21

Thank you so much, brothers.

Thread Starter

Vijay K

CA Inter

★ 9K+

30-Jun-21 15:15