wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Is outstanding rent an asset?


Open in App
Solution

Outstanding rent is considered as current liability in accounting. Therefore, it is not an asset.

Also read:

Learn about more questions and answers on business studies and various other commerce topics from our website.


flag
Suggest Corrections
thumbs-up
3
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Balance Sheet
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon