Rent due but not paid is to be treated as .

outstanding expense

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accrued income

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prepaid expense

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unearned income

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Solution

The correct option is A outstanding expense
Rent due but not paid is to be treated as outstanding expense and is a current liability as there is an obligation to pay the same in the near future.

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Similar questions

Rent due but not paid is to be treated as _______

Give Journal entries for the following :

(i) Interest due but not received Rs. 2,000

(ii) Rent due to landlord Rs. 1,000.

(iii) Out of the rent paid this year, Rs.3,000 relates to next year.

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