Practice Activity 17.3 Initial journal entry based on IFRS 16

Adaeze Nwobu
Apr 14, 2023
1 min read

The facts are the same as Practice Activity 17.2.

Required: Show the initial journal entries based on IFRS 16 to record the asset and liability on the statement of financial position as at the hire purchase contract commencement date.

Suggested answers to practice activity 17.3

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