Lease liability (MFRS16)
Overview
Use this sheet to collate lease assets and recognize a corresponding liability to make lease payments.
Completing the Sheet
You can insert this sheet per each business. It contains information about the business, such as description, opening balance, addition, contractual leas paid/payable, other, and closing balance.
Total allowable amount is linked to statutory business income sheet under
Contractual lease paid / payable during the year
.