What's Notional Rent?
It's a sum put into accounts as rent where the company owns the building it is occupying and so does not pay an actual figure.
Why?
Helps to focus management attention on making best use of space so that surplus space across the whole organisation might then be sold or rented to another user.
Intra division charges to enable management to see the true performance of certain departments.
Since it's not an actual monetary transaction no record appeared in the finance accounts.
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