ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

Prepaid rent given in the Trial Balance will be treated as a (an): A) Asset B) Liability C) Revenue

user-image
تم إضافة السؤال من قبل Adnan Mustafa , Credit Controller , National Refreshment Company LLC
تاريخ النشر: 2013/06/11
Siraj vannathamkandy
من قبل Siraj vannathamkandy , Senior Accountant , Gulf Business Center

Prepaid rent means, Payment of rent Prior to its due date.
So it is an ASSET.
accounting treatment for the Prepaid Rent will be:- Prepaid Rent Account Dr.
Cash..
Cr.
here prepaid rent Debit & Credit cash for payment.
once the rent is actually due that time we have to reverse it by passing an entry ie; Rent (Expense) Dr.
Prepaid Rent Cr.
here Rent debit as it is an expense.& Credit prepaid Rent(just like Income consideration).

Muhammad Afaq
من قبل Muhammad Afaq , SENIOR FINANCIAL ACCOUNTANT , United Eddy Company (United Yousef M. Naghi Group)

yes, it is an asset for the company, because the company has paid in advance for the premises that the co. will use in future.

 

Ilham Mohammed
من قبل Ilham Mohammed , Senior Accountant , gulf center for foodstuff

Current Assets in Balance Shet

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Prepaid Rent is an Asset

JAHIR HUSSAIN
من قبل JAHIR HUSSAIN , HR Welfare officer , Iss world of service

A) Asset

deepa kewlani
من قبل deepa kewlani

prepaid rent given in the trail balance will be treated as on 

المزيد من الأسئلة المماثلة