TASKS AND PRINCIPLES OF ACCOUNTING FOR LEASE TRANSACTIONS

Abstract

Today, in a market economy, rental relations have reached a qualitatively new level, which is determined by the multiplicity of participants, the duration of the lease, as well as the specificity of the items leased. The most popular of all existing types of lease is financial lease (leasing), which is considered by companies as an alternative option for the purchase of expensive fixed assets with long service life. However, if from the point of view of legal regulation, rental operations are characterized by a certain sequence and elaboration, then there are many controversial and controversial issues regarding the organization and accounting methods of these operations.A necessary condition for the proper organization of accounting for rental transactions is the observance of general methodological accounting principles.