0 votes
Is rental income an asset?

1 Answer

0 votes
Definition of Rent Revenue Rent Revenue is the title of an income statement account which (under the accrual basis of accounting) indicates the amount of rent that has been earned during the period of time indicated in the heading of the income statement. The account Rent Revenue is also known as Rental Income.
Welcome to our site, where you can find questions and answers on everything about renting houses, apartments, villas, flats and other property in many countries