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Rent a chair

GemmaFosbrook1
GemmaFosbrook1 Registered Posts: 2
March 2017 in General accounting discussion
Wondered if someone could help...

I understand how rent a chair works for the person renting the chair but how does it work for the person renting out the chair? Does it count as rental income or other income?

TIA

Gemma
0

Comments

  • Bertie
    Bertie Registered Posts: 376
    March 2017 edited March 2017
    Turnover.

    Don't forget, nor overlook the VAT aspects.
    0

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