Start learning →

Net investment in the lease equals gross investment less

AUnearned finance income
BContingent rental income
CInitial direct costs
DGuaranteed residual value
Answer & Solution
Correct answer: A. Unearned finance income
Subtracting unearned finance income from gross investment gives the net investment.
Practise this question with Quill — CA Inter →

Keep practising AS 19 Leases

Browse all AS 19 Leases questions for CA Inter, or explore more Accounting topics.

Start a AS 19 Leases lesson →
Related questions