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Difference between AS 19 and Ind - AS 17

Open uri20170510 32134 1ue0f38?1494421710 rohit agarwal asked about 3 years ago

What is the Difference between AS 19 and Ind - AS 17?

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pankaj answered over 2 years ago

IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease

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Open uri20170510 32134 59004f?1494421790 Anshul Dhawan answered over 2 years ago

Hie IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease 4.As per the existing standard such recognition is at the inception of the lease.

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Open uri20170510 32134 1c996lj?1494421732 Anil answered over 2 years ago

IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease 4.As per the existing standard such recognition is at the inception of the lease.

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Open uri20170510 32134 117xyds?1494421825 dhanashri answered about 3 years ago

hello following are the difference between IND AS 17 and AS 19 IND AS 17 1. it has specific provisions dealing with leases of land and biulding 2. it is not applicable as the basis of measurement of property held by lesses or provided by the lessors under operating leases but treated as investment property and biological asset held by lessor. 3. the definition of residual value appearing in the existing standard 4.The lessee shall recognise finance leases as assets and liabilities in balance sheet at the commencement of the lease term AS-19 1. the existing standard excludes leases of land from its scope 2.this standard does not contain provisions of treated as investment property biological asset held by lesses 3 no distinction between inception of lease and commencement of lease 4.As per the existing standard such recognition is at the inception of the lease.

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