Recognition in lessee account

Accountancy

Sir, In operating Lease,Do both have to continue recognising the asset?? And depreciation?? Do both of them have to depreciate?? [Video Time Stamp: 01:05] Video Details ------------- P1 - Accounting Standards - CA Inter AS 19 Leases #16. Operating Lease Accounting

Jagadeesh Jaidev

CA Inter

★ 645

11-Mar-26 01:39

166

Answers (1)

Lessor will recognise asset and charge depreciation. Lessee will recognise expense on SLM basis

CA Suraj Lakhotia

Admin

13-Mar-26 13:03