Security deposit entry on due basis

This query is : Resolved 
Quick Summary
This discussion explores whether security deposits can be recorded in accounts on a payable basis. The consensus is that if a deposit is paid on a due basis, it can indeed be accounted for using the accrual method. This approach allows for proper financial tracking of such payments.

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(Querist)
23 August 2023 Can the entry of security deposit be shown in accounts on payable basis?
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RAJA P M

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RAJA P M (Expert)
23 August 2023 If You paid the deposit as Due basis then Yes You can...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 August 2023 Account it on accrual basis.
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