Lease entries IndAS

yasaswi gomes   27 November 2020

In the books of lessee: Initial recognition 

RTA Asset a/c

Advance (added into RTA)

Lease incentives (added into RTA)

Others (added into RTA)

To Lease liability

depreciation in the books of lessee:

Depreciation a/c

To Accumulated Depreciation a/c

Interest added subsequently to lease liability:

Interest a/c

To Lease liability a/c

Any decrease in lease liability:

Lease liability a/c

To Bank a/c