PnP Stands for ________

question 34

Short Answer

PnP stands for ________.

Understand the lessor's accounting treatments and recognition of profit for different types of leases.

Grasp the intended changes and developments in lease accounting standards.

Understand the distinction between capital and operating leases from both the lessee’s and lessor’s perspectives.

Know how minimum lease payments are constituted and the inclusion of residual value guarantees.