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Rent advance received

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gaddala ramesh

138 Points Posted on 19 August 2023

advance rent received is liability or indirect income, pls explain

Replies (9)

Quick Summary

This discussion clarifies the accounting treatment of advance rent received. It is generally considered a liability until the rental period for which it was received has passed. Once earned, it can be recognised as indirect income in the profit and loss statement.

prasad Nilugal

GST Practitioner & Accounts

8998 Points Posted on 19 August 2023

Advance rent received is Liability .

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 19 August 2023

@ gaddala ramesh,

The query and query heading is different meaning...
So,
Are You asking about "RENTAL ADVANCE or ADVANCE RENT"...???

prasad Nilugal

GST Practitioner & Accounts

8998 Points Posted on 19 August 2023

We are considering query not heading . heading short and unexpleneable. One Can not reply only on heading.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 19 August 2023

@ Mr Prasad Nilugal,

Is there any problem for You asking details from Querist...???

Why You angry or interference or Confused...???

I like Your replies to the queries.
But, I don't like this activity and Also writen as I'm bcom not CA... please avoid...

Please reply query and also watch what is going in query and How is clearing the query with details...

🙏🙏🙏🙏🙏

prasad Nilugal

GST Practitioner & Accounts

8998 Points Posted on 19 August 2023

No , Sir please do not misunderstand , I am not at all angry . I want qeriest write query in detail for better & correct reply and should not be heading different and query different , one's again please do not misunderstand. I had written what is the fact about my qualifications. God bless you 🙏.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 19 August 2023

Originally posted by : prasad Nilugal
	No , Sir please do not misunderstand , I am not at all angry . I want qeriest write query in detail for better & correct reply and should not be heading different and query different , one's again please do not misunderstand. I had written what is the fact about my qualifications. God bless you 🙏.