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Illustration 45

Financial Reporting

In our case, Rs 68000 being the service charge in illustration 45, as it is a single contract, why we did not included it in lease liability and why expensed out? Video Details ------------- Ind AS - CA Final Ind AS 116 Leases #53. Contract Combination & Portfolio Approach


Hrishikesh Pradhan

Hrishikesh Pradhan

CA Final

3K+

11-Oct-24 06:04

216

Answers (1)

Treat it as a single contract for consideration calculation. Non lease component should be expensed


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

14-Oct-24 12:37

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