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Dealer ship deposit non refundable

This query is : Resolved 
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(Querist)
18 March 2014 Dealer Ship Deposit Non Refundable is Grouped Under Sales account

Is it correct Accounting System.

How to make accountability in Accounting
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
18 March 2014 Non Refundable Deposit can't be grouped under Sales account because no SALE BILL is generated for such transaction.
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Non-refundable deposit should be shown under DEPOSIT ASSETS and can be amortized during the estimated life (years) of the Dealership.
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Other terms and conditions may be relevant to decide the estimated life of the dealership.
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