What is the difference between the accounts rent receivable and rent revenue?

Definition of Rent Receivable

Rent Receivable is the title of the balance sheet asset account which indicates the amount of rent that has been earned, but has not been collected as of the date of the balance sheet.

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.

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