Business Studies, asked by dipanshu25, 1 year ago

what do you mean by lease financing

Answers

Answered by abhisheksp
0
HEY THERE!!!!
here is ur answer Bro,
Check it out,

WHAT DO U MEAN BY FINANCE LEASE:

A finance lease is defined in Statement of Standard Accounting Practice 21 as a lease that transfers

“substantially all of the risks and rewards of ownership of the asset to the lessee”.

Basically, this means that the lessee is in a broadly similar position as if they had bought the asset and rents it to them for an agreed period.

HOPE IT HELPS 

MRK AS BRAINLIEST.

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