A

Admin • 833.24K Points
Coach

Q. If rent is paid for the next year, it is called:

  • (A) Accrued Rent
  • (B) Prepaid Rent
  • (C) Outstanding Rent
  • (D) Deferred Rent
  • Correct Answer - Option(B)
  • Views: 20
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

Rent paid for the next period is a prepaid expense and treated as a current asset.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.