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by wazeer_81
08 Jul 2021, 15:04
Forum: General accounting and financial reporting discussion
Topic: Car Rental Accounting treatment
Replies: 1
Views: 838

Car Rental Accounting treatment

Dears,

If I have a car rental contract falls between two months E.g. starts on 25-06-2021 to 07-07-2021. Do I need to record the revenue for the first 5 days (from 25 to 30 -06-2021) or I need to recognize the revenue in July as the contract will be closed in July.