Page 148 - F2 Integrated Workbook STUDENT 2019
P. 148
Chapter 6
Lease liability workings
Lease payments in arrears
Opening Interest Lease payment Closing
balance balance
Year 1 X X (X) A
Year 2 X X (X) B
Current liability = A–B
Non-current liability = B
Lease payments in advance
Opening Lease Sub–total Interest Closing
balance payment balance
Year 1 X (X) X X A
Year 2 X (X) B
Current liability = A–B
Non-current liability = B
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