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How should a lessee account for an entered lease agreement?

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Question ajoutée par Utilisateur supprimé
Date de publication: 2017/05/31
Soliman Abd  ALmalak Gendy
par Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

A lease agreement is a contract between two parties, the lessor and the leassee. The lessor is the legal owner of the asset,tge lessee obtains the right to use the asset in return for rebtal payments. _Historucally, assets that were used but not owned were not shown on the statement of financial position and therefore any associated Liabilitily was also left out of the statement , but now framework states that an asset is a resource controlled by an entity as a result of past events and from which future economic benefits are extraced to flow the entity and a Liabilitily is a present obligation.

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