USA Renting out warehouse space?


Joined
Sep 9, 2020
Messages
1
Reaction score
0
Country
United States
Let's say you are a wholesaler of office supplies and have a large warehouse with extra room. If you agree to rent some of the room in the warehouse to a company to store their inventory (not related to your own inventory), how do you set this arrangement up with respect to accounts to add to the chart of accounts? Thx in advance
 
Ad

Advertisements

Joined
Aug 26, 2020
Messages
13
Reaction score
3
Country
United States
Because the rental income is "incidental" so to say I would classify it as "Other Income : Rental Income"
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top