leasebook

IT-PRN Expired

Office printers (low-value) | Canon Finance | Konark Retail Pvt Ltd (INR)

Initial lease liability0.00
Initial ROU asset0.00
Liability today0.00
ROU asset today0.00
Undiscounted payments432,000.00

Terms

Commencement
01 Sep 2023
Term
24 months (modelled 24) to 31 Aug 2025
Payment
18,000.00 monthly, in arrears
Escalation
None
Rent-free
0 months
Discount rate
8.500%
Initial direct costs / incentives
0.00 / 0.00
Prepaid / restoration
0.00 / 0.00
Exemption
Low-value asset
Options
None

Straight-line expense schedule

#PeriodExpenseCash paidAccrued rent
1Sep 202318,000.0018,000.000.00
2Oct 202318,000.0018,000.000.00
3Nov 202318,000.0018,000.000.00
4Dec 202318,000.0018,000.000.00
5Jan 202418,000.0018,000.000.00
6Feb 202418,000.0018,000.000.00
7Mar 202418,000.0018,000.000.00
8Apr 202418,000.0018,000.000.00
9May 202418,000.0018,000.000.00
10Jun 202418,000.0018,000.000.00
11Jul 202418,000.0018,000.000.00
12Aug 202418,000.0018,000.000.00
13Sep 202418,000.0018,000.000.00
14Oct 202418,000.0018,000.000.00
15Nov 202418,000.0018,000.000.00
16Dec 202418,000.0018,000.000.00
17Jan 202518,000.0018,000.000.00
18Feb 202518,000.0018,000.000.00
19Mar 202518,000.0018,000.000.00
20Apr 202518,000.0018,000.000.00
21May 202518,000.0018,000.000.00
22Jun 202518,000.0018,000.000.00
23Jul 202518,000.0018,000.000.00
24Aug 202518,000.0018,000.000.00

Journal entries

DateEntryAccountDebitCreditStatus
30 Sep 2023Exempt lease expense, month 1Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Oct 2023Exempt lease expense, month 2Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Nov 2023Exempt lease expense, month 3Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Dec 2023Exempt lease expense, month 4Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Jan 2024Exempt lease expense, month 5Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
29 Feb 2024Exempt lease expense, month 6Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Mar 2024Exempt lease expense, month 7Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Apr 2024Exempt lease expense, month 8Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 May 2024Exempt lease expense, month 9Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Jun 2024Exempt lease expense, month 10Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Jul 2024Exempt lease expense, month 11Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Aug 2024Exempt lease expense, month 12Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Sep 2024Exempt lease expense, month 13Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Oct 2024Exempt lease expense, month 14Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Nov 2024Exempt lease expense, month 15Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Dec 2024Exempt lease expense, month 16Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Jan 2025Exempt lease expense, month 17Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
28 Feb 2025Exempt lease expense, month 18Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Mar 2025Exempt lease expense, month 19Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Apr 2025Exempt lease expense, month 20Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 May 2025Exempt lease expense, month 21Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
30 Jun 2025Exempt lease expense, month 22Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Jul 2025Exempt lease expense, month 23Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
31 Aug 2025Exempt lease expense, month 24Lease expense (exempt leases)18,000.00Posted
Cash / bank18,000.00
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