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Rent is a revenue account and like all revenue accounts it has credit balance as normal balance.
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∙ 9y ago
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Is rent expense credit or debit?
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
What is the normal balance for prepaid rent?
Prepaid rent is a rent paid in advance so it is current asset and it will have debit balance as normal balance.
What is the normal balance of unearned rent?
It has a normal balance of a credit.
Is rent expense is credit?
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
Is rent expense credit or debit?
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
What is normal balance of a revenue?
All revenue accounts has credit balance as a normal balance
Normal Balance of a revenue?
what is the normal balance of a revenue account If your just looking for the term...it's Credit...
What is the normal balance for prepaid rent?
Prepaid rent is a rent paid in advance so it is current asset and it will have debit balance as normal balance.
What is the normal balance of unearned rent?
It has a normal balance of a credit.
Is rent revenue credit or debit?
All revenues has credit balances as default balance like wise rent revenue also has credit balance as default balance instead of debit balance because all expenses has debit as default balance.
Does rent revenue go on a balance sheet or income statement?
If Rent Revenue is shown in income statement but if that revenue is still receivable in accrual accounting system then it will shown under balance sheet at asset side as well.
Is service revenue a debit or cedit?
Services revenue is also a revenue and like all revenue accounts which have credit balance as normal balance, services revenue also has a credit balance.
Does interest revenue have a normal debit balance?
No, Interest Revenue is income and would normally have a credit balance.
What is the normal balance of a revenue called?
credit
Is Normal balance of revenue is a credit?
True.
