Received rent is recorded on which side

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asked Sep 9, 2023 17.6k views

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Dennisobrien · Answer 1 · 2023-09-11T01:53:46+0000

Answer:

Accounting Treatment for Rent ReceivedStep 2 – Transferring receipt of rental income to the income statement (profit and loss account). It is shown on the credit side of an income statement (profit and loss account).

Received rent is recorded on which side

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Received rent is recorded on which side