Warehouse Rent
Code: 5222
👁 Views: 100
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Warehouse rent expense
Note: This account may be broken down into sub-ledgers as needed (e.g., customer/supplier/bank names or branches).
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IFRS 16
Leases
US GAAP
ASC 842
Leases
❓ Frequently Asked Questions
Q: Is warehouse rent a direct or indirect cost?
A: Depends on activity: if warehouse for raw materials or products, it is manufacturing overhead. If administrative warehouse, it is administrative expense.