Question

rent due but not received is checked by​

Answer 1

Answer:

once more explanation your question

Answer 2

Rent due but not received is checked in the balance sheet.

• The rent not paid is shown on the balance sheet as a liability. It is an indirect expense.
• In the Profit and loss account, the cost is paid off and accumulated expense is posted against the expense on the liability side.

• The journal entry for the same is -

Rent A/c Dr.

To Accrued Expense A/c

( Being the rent due, but not received)