Start learning →

A manufacturer lessor on a finance lease earns selling profit and

ARent income on lease
BFinance income over term
CAmortised deferred gain
DDepreciation recovery
Answer & Solution
Correct answer: B. Finance income over term
The two income types are sale-equivalent profit and finance income over the term.
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