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Rent receivable (given in trial balance) is an item of:
  • a)
      Balance Sheet 
  • b)
      Profit & Loss Account 
  • c)
      Trading Account
  • d)
      Both Balance Sheet and Profit & Loss Account
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Rent receivable (given in trialbalance) is an item of:a)Balance Sheetb...
And Loss Statement

A) Balance Sheet. Rent receivable is an asset that represents the amount of rent owed to a business that has not yet been collected. It is reported on the balance sheet under the current assets section.
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Community Answer
Rent receivable (given in trialbalance) is an item of:a)Balance Sheetb...
RENT RECIABKE MEANS IT IS AN ACCRUED INCOME
ND DUE TO CONSIDERED AS ACCURED
ALL ACCRUED INCOMES ARE POSTED I N ASSETS IN BS.
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