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Topics 2 1. Identify the key differences between Operating Lease and Capital Lease. (3 Marks)...

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Accounting

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Topics 2 1. Identify the key differences between Operating Lease and Capital Lease. (3 Marks) 2. Which are the other types under which lease agreement can be made? Explain their important features. (Choose at least three lease, don't include operating and capital lease in this). (3 Marks) 3. You are required to show the accounting treatment of all leased business transaction under operational and capital lease in the books of lessor and lessee. (4 Marks)

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