RFG retail food group limited

Senior Debt EBITDA Covenant, page-116

  1. 631 Posts.
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    Yeah that is the expense .... which is a debit for accounting purposes the corresponding entry is the provision for onerous lease which is a credit.....note no cash is effected by this entry.......when the onerous lease payments are made the accounting entry will be to debit the provision account and credit cash at bank.

    Again please do that free course i mentioned....you will get a lot out of it i think
 
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