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Anyone know why is rent payable is in the debit side of the trial balance?

I thought payable is usually in the credit side . Eg: Trade payable , interest payable

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تم إضافة السؤال من قبل Hin Yew Chong
تاريخ النشر: 2016/11/21
Syed Muhammad  Khizar Hayat
من قبل Syed Muhammad Khizar Hayat , Assistant Accountant , Diamond Metals

This Is advance payment paid show

Amiya Rout
من قبل Amiya Rout , Location as Project Finance Controller , FLSMIDTH Private Limited

Rent Payable is the expenses for company , so all expenses will dispaly as debit in Trial Balance. 

MEEKAD HASAN KHAN
من قبل MEEKAD HASAN KHAN , FINANCE CONTROLLER , PROMODOME COMMUNICAITONS PVT. LTD.

Done some adjustment in Rent than showing amount in Debit Side

Muhammad Khalil Hashmat
من قبل Muhammad Khalil Hashmat

If we have paid rent-payable more than it should be, or due to some adjustment in the rent payable account then rent payable account will show a debit balance. It can happen due to certain instances.  

Shah Hussain
من قبل Shah Hussain , Audit Associate , Usman Hassan & Co. Chartered Accountants

Accountant need to consider terminoloy of element of financial statement. with regard to Rent payable, rent is an expense and rent payable is a liability, Rent expense is shown of the debit side of trial balance because of its nature, and rent liabily is shown on credit side as rent payable due to its nature

Muhammad Waseem Umer
من قبل Muhammad Waseem Umer , Tax Advisor , Shell Pakistan Limited

Debit represents advance rent payment. It should be reclassified under the head 'Advances, deposits & prepaymets'.

Nitin Paste
من قبل Nitin Paste , Senior Accountant , Red Sea International Company

It is a expense to the company. Hence recorded in TB as Debit.

Ihab El Din Rehan
من قبل Ihab El Din Rehan , HR & Admin. Consultant. , Near Range

because of it's classified asexpenses

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