In a land lease, if title does not pass at the end of a lease to the lessee, it is normally treated as ‘Finance lease’.

Related MCQs

• When a lease transfers substantially all the risks and rewards of ownership to lessee, this is called…..
• When after the end of the reporting period an event occurs that is indicative of conditions that arose after the end of the reporting period:
• Liquidation of a major customer after the end of the period end is….
• Operating lease is
• Operating lease is :
• Finance leases are accounted for in a similar manner to:
• Land related to agricultural activities is coming under the scope of Ind AS….
• Events after the end of the reporting period are defined as:
• Cost of inventory does not include
• IAS 17 does not applies to