If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
rent is an expense while outstanding rent is a liability
Yes, rent paid for future months is considered a liability. When a tenant pays rent in advance, it creates an obligation for the landlord to provide housing for that period. This prepayment is recorded as a liability on the landlord's balance sheet until the time period for which the rent was paid has elapsed.
asset liability
By paying the liability in part or in full.
It is the rent which u have received in advance. . . . It is a liability for you. . . .got it. . . . . . !
Yes, rent is considered a liability because it represents an obligation to pay for the use of a property or space over a specific period of time.
yes
rent is an expense while outstanding rent is a liability
Yes, rent is considered a liability for both individuals and businesses because it represents an obligation to pay for the use of property or space over a specific period of time.
what is it best to receive before paying and invoice
Yes payment of loan liability is your expense decreasing the liability as well as asset from which you are paying the loan liability.
asset liability
By paying the liability in part or in full.
It is the rent which u have received in advance. . . . It is a liability for you. . . .got it. . . . . . !
tell what you paying for like rent etc. tell what you paying for like rent etc. tell what you paying for like rent etc.
If you are not paying rent - yes, absolutely the landlord can. If you aren't paying rent, your "refusal" has no legs to stand on.
Its an asset.