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.

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

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

23 August 2023 Account it on accrual basis.


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