Question

rent payable account comes under which account ​

Answer 1

Answer:

Rent Payable is an outstanding liability as in pending to be paid as on balance sheet date. Hence like all other liabilities it is shown on the Liabilities Side of the Balance Sheet under the head Current Liabilities. Rent is an expenditure and rent payable is expenditure which is due but not paid.

Answer 2

Answer:

ʟɪᴀʙɪʟɪᴛʏ ᴀᴄᴄᴏᴜɴᴛ ʀᴇɴᴛ ᴘᴀʏᴀʙʟᴇ

ᴛʜᴇ ʟɪᴀʙɪʟɪᴛʏ ᴀᴄᴄᴏᴜɴᴛ ʀᴇɴᴛ ᴘᴀʏᴀʙʟᴇ ɪs ᴜsᴇᴅ ʙʏ ᴛʜᴇ ᴛᴇɴᴀɴᴛ ᴛᴏ ʀᴇᴘᴏʀᴛ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴏғ ʀᴇɴᴛ ᴛʜᴀᴛ ᴛʜᴇ ᴛᴇɴᴀɴᴛ ᴏᴡᴇs ғᴏʀ ʀᴇɴᴛ ʙᴜᴛ ʜᴀs ɴᴏᴛ ʙᴇᴇɴ ᴘᴀɪᴅ ᴀs ᴏғ ᴛʜᴇ ʙᴀʟᴀɴᴄᴇ sʜᴇᴇᴛ ᴅᴀᴛᴇ. ɪғ ᴛʜᴇ ʀᴇɴᴛ ɪs ᴛᴏ ʙᴇ ᴘᴀɪᴅ ᴏɴ ᴛʜᴇ ғɪʀsᴛ ᴅᴀʏ ᴏғ ᴇᴀᴄʜ ᴍᴏɴᴛʜ, ᴀɴᴅ ɪғ ᴛʜᴇ ʀᴇɴᴛ ɪs ᴘᴀɪᴅ ᴏɴ ᴛɪᴍᴇ, ᴛʜᴇ ʟᴀɴᴅʟᴏʀᴅ ᴡɪʟʟ ʜᴀᴠᴇ ᴀ ᴢᴇʀᴏ ʙᴀʟᴀɴᴄᴇ ɪɴ ʀᴇɴᴛ ʀᴇᴄᴇɪᴠᴀʙʟᴇ.