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accrued rent liability

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Usually a current liability that reports the amount of rent that the tenant has incurred but has not paid as of the date of the balance sheet.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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