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In case of capital lease, if the lease payment is OMR 30,000 which includes OMR 10,000 license fee of the leased asset, then the journal
In case of capital lease, if the lease payment is OMR 30,000 which includes OMR 10,000 license fee of the leased asset, then the journal entry in the books of lessor will be:
a.
Lease payment OMR 30,000 will be debited and cash OMR 30,000 will be credited
b.
None of these
c.
License fee OMR 10,000 and lease payment OMR 20,000 will be debited and cash OMR 30,000 will be credited
d.
License fee OMR 30,000 will be debited and cash OMR 30,000 will be credited
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