What are Rent Expenses?

Learn about Rent Expenses with Ranbir Kapoor

https://youtu.be/dwF_Y3arAV4

Case Breakdown: Movie Ajab Prem Kee Ghazab Kahani

The scene depicts Prem’s (played by Ranbir Kapoor) friends’ convincing him to rent out a flat. This would enable them to earn a commission on it. In the very next scene, Prem and his friends try to rent the flat to Pintoo uncle. Pintoo uncle takes the flat on rent.

In this blog, Learning Perspectives will explore the meaning of rent expenses.

What are Rent Expenses?

Total cost of using a rental property are known as the rent expenses. In an organization, cost of these rented properties are shown in the reporting period. Rent is paid to the owner of the property on a monthly basis. Organizations can take property on lease as well.

These expenses are large in nature and are reported in the income statement of the company. Rent expenses are debited to the profit and loss account or the income statement.

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