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How to Account for a Lease: Revision history

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21 March 2023

  • curprev 08:1508:15, 21 March 2023 Lukegao1 talk contribs 1,634 bytes +1,634 创建页面，内容为“ When accounting for a lease, the following steps should be followed: 1. Determine the type of lease: The first step is to determine whether the lease is an operating lease or a finance lease. Operating leases are typically short-term leases (less than 12 months) and are not capitalized on the balance sheet, while finance leases are long-term leases (more than 12 months) and are capitalized on the balance sheet. 2. Record the lease: Once the lease type is de…”
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