Question

rent received explanation​

Answer 1

Answer:

the money that you received as a rent

Answer 2

AnSwEr:

rent received means rent is received by someone to the firm. then, the journal entry is:

rent a/c Dr

To cash a/c

(rent received)

if the statement is paid rent ,it means the firm or business organisation paid rent to other.then the journal entry is:

cash a/c Dr

To rent a/c

(paid rent)

hope this helps..