Operating Lease

From LinkedAUB Collab
Revision as of 23:26, 19 January 2014 by Sfg02 (talk | contribs) (Created page with "{{Learning concept |Description=A lease contract which is in essence a rental agreement. The lessee has the use of the leased property, but the lessor retains the usual risks ...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Description

A lease contract which is in essence a rental agreement. The lessee has the use of the leased property, but the lessor retains the usual risks and rewards of ownership. The periodic lease payments are accounted for as rent expense by the lessee and as rental revenue by the lessor.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Operating Lease

Learning Material

Covered in Topic(s)

 
Liabilities
Retrieved from "https://linked.aub.edu.lb/collab/index.php?title=Operating_Lease&oldid=4163"