Hostel caution deposit
This query is : Resolved
veerendranath
(Querist)
24 July 2014
an educational institution runs student hostels and received caution deposit from students some part of which transfered to capital and some part shown as liability then how to treat caution deposit in acccounts???and entries??
thanks in advance...
Nikhil Kaushik
(Expert)
24 July 2014
Bank A/c
To Corpus Fund A/c
To Caution Deposit - refundable A/c
To Corpus Fund A/c
To Caution Deposit - refundable A/c
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