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Earn +20 ptsQ: Is rent revenue credit or debit?
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Continue Learning about Accounting
Is rent expense credit or debit?
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
What is the journal entry of received rent?
Basic entries are as follows: Debit Bank Cash Book account with the Cash amount received Credit Rental Income account with Cash amount received
Is deferred revenue a debit or credit?
debit
Is Unearned revenue a credit or a debit?
A credit
Is rent expense a debit or credit?
debit
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