Accrued Rent Income

It is the amount of rent which has been earned by the owner/ landlord by providing its asset or land to be used by someone else (tenant) during an accounting period against which the owner/ landlord is yet to receive any payment from the tenant. Accounting entry for recording accrued rent income would see rent income receivable account being debited and rent income account being credited.  accounting entry for recording accrued rent expense would see rent expense account being debited while accrued rent payable account being credited.