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
onerous.
Onerous means difficult or unpleasant to deal with.
He is quite onerous since he didn't want to go to work.
Burdensome; oppressive.
Packing up all our belongings is an onerous, but necessary task if we truly want to live in a warmer climate.
Onerous
· onerous - burdensome, troublesome
obstructive is one
Leveraged Lease Financial Lease Operating Lease
lease
A lease in itself, is an agreement to lease. All the same.