what do you mean by lease financing
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WHAT DO U MEAN BY FINANCE LEASE:
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.
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