What is The Difference Between Rent Receivable And Rent Payable
Re nt Receivab le is the amou nt of rent receivab le to ow ner or landlord against t he re nt facilities rendered to tenant for t he accou nting period. It is a current asset for t he b usi ness and recorded on b ala nce s heet. Rent Payab le or Outsta n di n g Re n t or Accrued Re n t is a curre nt liab ility paya b le b y te nant to landlord or owner of t he property agai nst t he services re ndered to him for the period. It is also recorded o n b ala nce s heet b ut a curre n t liab ility o n liab ilities & equity side.