Question

Outstanding rent Is debeted or credited

Answer 1

Outstanding Rent is a Current liability for the business for the current year.

Hence Outstanding Rent A/C should be credited and  debited to the Rent A/C.

The Journal Entry is as follows:

Rent A/C   Dr     Rs.xx

       To Outstanding Rent A/C   Rs.xx

(Being Rent Payable debited to Rent A/C )

Answer 2

hey mate here is your answer

as we know that we add word outstanding in accountancy to that amount which we are liable to pay of but couldn't pay. it is a kind of liability to the business.

so as per the accounting rules we credit it and rent is debited


the journal for this will be

rent a/c dr. .......
to outstanding rent .........
(being rent payable)