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An onerous lease is a type of lease agreement that becomes disadvantageous for the lessee, typically due to unfavorable terms or declining market conditions. It may involve high rental payments that exceed the market value of the property or impose burdensome obligations on the tenant. In accounting, onerous leases must be recognized as liabilities on the balance sheet, reflecting the obligation to fulfill the lease terms despite its unfavorable nature.
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How do you do the double entry on an Onerous lease?
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
How do you spell onerous?
onerous.
How do you put the word onerous in a sentence?
Onerous means difficult or unpleasant to deal with.
Sentence for the word onerous?
He is quite onerous since he didn't want to go to work.
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.
What is the meaning of onerous?
Burdensome; oppressive.
What is a sentence with the word onerous?
Packing up all our belongings is an onerous, but necessary task if we truly want to live in a warmer climate.
What word begin with O is mean burden?
Onerous
Which is the most likely meaning for onerous based on the context of this sentence?
"Onerous" is likely used in the context to mean burdensome or oppressive, indicating that something is causing a heavy or difficult burden.
What adjectives start with o and their definition?
· onerous - burdensome, troublesome
What adjectives begin with the letter o describe volcanoes?
obstructive is one
