how to transfer party security deposit from one company to anothor company
Prashanth S K
(Practice)
(148 Points)
Replied 18 April 2013
Issue a cheque in the name of other company for the amount of security deposit. So the party A/c will get debited and bank getting credited. So party A/c in ur books will be squared off. Ensure u get a confirmation from the party for transferring the deposit to other company.
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