Theoretical basis for accounting leasing transactions

One of the most important elements of the infrastructure of a modern market economy is the rental market. An efficient rental market plays a very important role in the dynamic development of the economy. In other words, the development of rental relations in accordance with market laws creates important conditions both for the improvement in qualitative indicators and for quantitative changes in the economy development. Renting is one of the most commonly used forms of business transactions. Conclusion of lease agreements reduces the costs of tenant enterprises. It creates conditions for the possession and use of industrial buildings, facilities and equipment for a certain period of time without large investment costs. A certain part of the income received during the use of the leased property is used to pay off the rent.