In addition, it ensures that the sum of these entries is $0 under the equation assets = liabilities + shareholders' equity. An understanding of dual-entry accounting is essential to accounting for rent-free periods properly.
[header] How to account for rent free periods [title] Know how to use dual-entry accounting. [step] Dual-entry (also called double entry) accounting is a fundamental process of modern bookkeeping. It makes sure that every transaction is recorded in the two (or more) accounts that it affects.