Like all balance day adjustments, the accrued rent journal entry is straightforward but does require a good understanding of what is trying to achieve.
Tag: accrued revenue
Accrued revenue adjusting entry; a debit to current assets and a credit to revenue. Read more with a worked example and journal entries to follow through.
Over the last few weeks, we have been focusing on accounting tutorials around balance day adjustments, particularly accrued revenue. As part of that, we looked at unbilled rental income. And it's...
Unbilled revenue is an important part of the balance day adjustments process for financial reporting. Our article works through examples with journal entries to help explain.
In particular, during these difficult times, a question we see coming up is how should accrued income from rent be treated? This article will look at the accounting entries and discuss some of the...
When starting out in your accounting studies some of the earliest material to be covered is that concerning accounting principles. These are the fundamental understandings or agreements in the field...