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In which side (Dr/Cr)" rent receivable " will come in Trial balance? & why?

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تم إضافة السؤال من قبل SOMNATH CHOUDHURY
تاريخ النشر: 2016/07/20
Ebad Ullah  Hamsher Ullah
من قبل Ebad Ullah Hamsher Ullah , Deputy Chief Accountant Cum Admin , M/s RIZWAN GROUP

Rent Receivable will come on Debit Side of Trial Balance only  

NASRIN ABUBACKER
من قبل NASRIN ABUBACKER

it is a personal account with a debit balance.it indicates that the ammount is owed to the organisation on the account of income but not yet recieved.it is not present in the trial balance. receivable a/c is used only for the purpose of final accounting

 

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