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Received rent is recorded on which side​
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27 votes
27 votes
Received rent is recorded on which side​

User G M Ramesh
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2 Answers

14 votes
14 votes

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).

User Dmitriy Neledva
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3.2k points
8 votes
8 votes

Answer:

It is shown on the credit side of an income statement (profit and loss account).

Step-by-step explanation:

User Ajith George
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3.5k points
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