What is rent received in advance
Answers
Answered by
2
Answer:
Answer for you and your family and your family and your family and family members of our y
Explanation:
Answered by
1
Explanation:
Rent received is an income and rent received in advance means income not accrued but received in advance. At the time of receiving the rent, Rent account has credited, hence an adjustment entry need to be passed: Rent Received A/c Dr. To Advance Rent received A/c.
Similar questions