Kung-Fu jesus's definitions
A finance lease is where a loaned asset is (in most cases) pimped to one party for the useful lifetime of it.
In the accounts of business, it is recorded much the same as a hire-purcase agreement. It is reocrded in the balance sheet (as at <date>) as the cost of the fixed asset (excluding interest) less the provision for dep'n. It is also recorded in the trading profit and loss account (for year ended <date>) as interest due for the year and the dep'n.
The balance sheet also record finance leasing as a liability for future payments (excluding intrest), see accruals, shared betwixt current liabilities and long-term liabilities.
In the accounts of business, it is recorded much the same as a hire-purcase agreement. It is reocrded in the balance sheet (as at <date>) as the cost of the fixed asset (excluding interest) less the provision for dep'n. It is also recorded in the trading profit and loss account (for year ended <date>) as interest due for the year and the dep'n.
The balance sheet also record finance leasing as a liability for future payments (excluding intrest), see accruals, shared betwixt current liabilities and long-term liabilities.
by Kung-Fu Jesus April 30, 2004
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by Kung-Fu Jesus May 7, 2004
Get the Congo mug.Actually, pedo is a derivation of latin word "paedo", while means children. Therehence, a pedopobic person has a fear of children. More correctly, this is spelled and pronounced paedo, not pedo, which is a form of transport.
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by Kung-Fu Jesus April 28, 2004
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Get the you what? mug.Spains' )then the worlds' richest country) economy fell into a bottomless pit at the end of the sixteenth century, from which it never fully recovered.
by Kung-Fu Jesus May 8, 2004
Get the bottomless pit mug.English is the de facto language of the United Kingdom of Great Britain and Northern Ireland, but gaelic languages are used in many parts. This is so those "not frum rownd ere are ya?" don't know when people are going to rape a sheep. See welsh or wales
by Kung-Fu Jesus May 11, 2004
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