Question

What is prepaid rent​

Answer 1

Answer:

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

Explanation:

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Answer 2

Answer:

Did you mean: what is prepaid rent

A current asset account that reports the amount of future rent expense that was paid in advance of the rental period. The amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.