Question

true false outstanding rent is credited to rent account​

Answer 1

$\huge \sf \pink{ \underline{Answer:--}}$

Outstanding rent is the representative personal account because it represents the outstanding expenses to a person. Hence, it is classified as a personal account

Answer 2

ANSWER

Outstanding expenditure are those expenses which have been incurred and consumed during an accounting period and are due to be paid but are not paid. Examples include outstanding salary, outstanding rent, etc.

Outstanding expenditure are recorded in the books at the end of an accounting period to show true numbers of a business.

Outstanding expenses is a personal account and is shown in the liability side of a balance sheet.