Rent advance received

Advance rent received is Liability .

@ gaddala ramesh,

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

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

@ 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...

🙏🙏🙏🙏🙏

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 🙏.

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 🙏.

 

Thank You for Your Wishes...

When the rent recd is shown in income statement, it will be regarded as indirect income of the year

@ Karandikar
In query it is clearly mentioned " Advance rent received" .

Yes I know that, basis that I have given my answer when to record it as income in p&l