When Revenue will be recognized in the books of lessor
In Case of Revenue Lease, we are getting the below accounting entries
In Lease accounting Module
Receivables clearing DR
Accrued Asset CR
In Receivables Module
Receivables DR
Receivables clearing CR
When the actual revenue will be recognized and in which module the revenue will be recognized,
How will the accrued asset A/c that got credited earlier will be knocked off.
Kindly suggest.
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