How to deal with the accounting of equipment leased by one company to other companies?

Accounting entries for general operating leased equipment.

1, confirm the rental income of each period when renting a house:

Debit: Accounts receivable or other receivables.

Loan: other business income-rental income

2. When the rent is actually received:

Debit: bank deposit

Credit: Accounts receivable or other receivables.

3. The ownership of the leased equipment has not been transferred, but depreciation should be accrued on schedule according to the management of its own fixed assets:

Debit: other business costs

Credit: accumulated depreciation

Extended data

The lessor's accounting treatment of direct financing lease

1, purchase equipment

Borrow: fixed assets-financial lease assets

Taxes payable-VAT payable (input tax)

Loans: bank deposits

Step 2 rent equipment

Debit: long-term receivables-financing lease receivables.

Loans: fixed assets-financial lease assets

Unrealized financing income

3. Collect the rent for the first year and distribute the unrealized financing income.

Debit: bank deposit

Loan: long-term receivables-financing lease receivables.

Taxes payable-VAT payable (output tax)

Borrow: Unrealized financing income

Loan: rental income

4. The lease term expires.

After the lease expires, the ownership of the leased assets is transferred to the lessee, and the lessor does not need to do anything.

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