Rental Income
Code: 4840
👁 Views: 19
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Credit |
Definition
Income from renting out company-owned properties or equipment.
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IFRS 16
Leases
US GAAP
ASC 842
Leases
❓ Frequently Asked Questions
Q: What is rental income?
A: Income from renting out company-owned properties or equipment, classified as other revenue.