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At the date the lease becomes onerous: Dr P&L Expense - onerous lease. Cr Balance Sheet Provision for onerous lease. Each time there is a rental payment on the lease: Dr Balance Sheet Provision for onerous lease. Cr Cash

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Related Questions

How do you spell onerous?

onerous.


What commercial lease is not commonly used Triple net lease Gross lease Net lease double gross lease double net lease?

Rent based on a percentage rent.


how to record capital lease entry?

Journal entry to record capital lease in books of accounts: [Debit] Asset under finance lease xxxx [Credit] Liability under finance lease xxxx And after that asset will be adjusted against depreciation while liability will be adjusted against lease payment till the end of term.


State the double entry principle?

state the principles of double entry


What is a double entry account?

Contra entry


How do you put the word onerous in a sentence?

Onerous means difficult or unpleasant to deal with.


Advantages of double-entry book-keeping system?

advantages of double-entry book-keeping system?


Who introduces double entry accounting?

Double Entry Accounting is introduced by Lucas Paciolli


Sentence for the word onerous?

He is quite onerous since he didn't want to go to work.


What is double entry bookkeeping for a hospital?

Double entry is a transaction in which the payment is established in two accounts instead of 1 as to single entry.


Does the Spanish word onerous mean expensive?

No, the Spanish word "onerous" does not mean expensive. "Onerous" translates to "gravoso" or "pesado" in Spanish, meaning burdensome or difficult rather than costly.


Which is the most meaning for onerous based on the context of this sentence?

"Onerous" means burdensome, oppressive or causing hardship.