Real Estate
Vacancy — Reversal of Rental Accrual
Reversing accrued rental income for a unit that becomes vacant mid-month.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Rental Income | Revenue (-) | 2,500.00 | - |
| Accrued Rental Revenue | Asset (-) | - | 2,500.00 |
💡 Accountant's Note
If a tenant vacates earlier than expected and rent cannot be collected for that period, any previously accrued income must be reversed to avoid overstating revenue.
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