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The Prepaid Rent account represents rent paid in advance and is classified as Current Assets true or false?
Yes prepaid rent is rent paid in advance and as normally it is for short term or for one fiscal year that's why it is shown under current assets.
Is prepaid rent an debit or credit?
prepaid rent is rent paid before it is due so it is current assets because it's benefit will be taken in future.
Is a decrease in prepaid rent a debit or a credit?
Prepaid Rent is an asset, therefore to decrease the asset (or use up the rent) a decrease would be a credit. Assets generally maintain a debit balance, which means to increase the balance we debit and to decrease the balance we credit.
Rent paid in advance?
Yes, what about rent in advance?
What category is prepaid rent?
Other Current Assets
The Prepaid Rent account represents rent paid in advance and is classified as Current Assets true or false?
Yes prepaid rent is rent paid in advance and as normally it is for short term or for one fiscal year that's why it is shown under current assets.
How often do you pay rent?
Rent is often paid monthly or whatever time period is designated in the lease between you and your lanlord.
Is prepaid rent an debit or credit?
prepaid rent is rent paid before it is due so it is current assets because it's benefit will be taken in future.
If your monthly pay is 1500 and you spend 750 on rent what percent of your monthly income is paid to rent?
fifty percent750/1,500 x 100 = 1/2 x 100 = 100/2 = 50
If rent is 11.76 per sq ft how much is the monthly rent for 4000 sq feet?
Monthly rent is price per square foot x square feet. Monthly rent = 11.76 x 4000 Monthly rent = 47040 47,040
does hamlin have storeage bulding to rent monthly ?
does hamlin have storeage bulding to rent monthly ”
Is prepaid rent goes to income statement?
Prepaid rent is that amount which is paid in advance but benefit of which is not yet taken by business so it is current asset of business and like all current assets it is also shown under asset side of balance sheet and not in income statement.
Is prepaid rent an asset or liability?
Prepaid rent is the asset of compan as it is paid already but not due yet so it is current asset and shown in current assets under balance sheet.
Average monthly rent in 1991?
There isn't an average monthly rent as rent varies from city to city and state to state. An example of average monthly rent in 1991 in San Francisco would be $1,000.
What was monthly rent in 2009?
Although the rent scale was hugely varied, the American national average for rent in 2009 was $956 monthly.
What is the payment name for the monthly amount due for rent?
The payment name for the monthly amount due for rent is called "rent payment."
What part of speech is monthly in monthly rent?
adjective
