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

Accountancy (Phase -I & II) Concepts of Accounting

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 which accounting concept?

Matchig concept

Accrual concept

Prudence concept

Substance over form concept

All of the above

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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.