My co has received security deposit refund from electricity supply co in which account head should I record it in books. Would it be shown in balance sheet and which side.
Please guide me asap.
1 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 21 May 2019
debit bank account and credit security deposit account, since at the time of payment of sec dep the balance must be o/s to Sec dep account
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