Question

what is prepaid rent????​

Answer 1

Prepaid rent is rent paid prior to the rental period to which it relates, so the tenant should record on its balance sheet the amount of rent paid that has not yet been used.

Answer 2

Explanation:

Prepaid rent is rent paid prior to the rental period to which it relates, so the tenant should record on its balance sheet the amount of rent paid that has not yet been used. Rent is commonly paid in advance, being due on the first day of that month covered by the rent payment.

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