Land on lease should be shown in Balance sheet contrary to the fact that the company does not own th...........

Quantitative Aptitude (Pb Patwari) Accountancy

Land on lease should be shown in Balance sheet contrary to the fact that the company does not own that piece of land is the implementation of which accounting concept?

Matching concept

Accrual concept

Prudence concept

Substance over from concept

Explanation:

Land on lease should be shown in Blance sheet contrary to the fact that the company does not own that piece of land is the implementation of Substance over form concept.