Owner of a property is a partner

As I have already said, business needs to record a security deposit liability

f the deposit is refundable within the a year, then the liability will be shown as a current liability

For receiving 

Bank a/c dr

To Security Deposit a/c

 For liability creation

Cash a/c dr

To security deposit liability a/c

Thank You for your answers.

Thank You for your answers. Although I have one small question. Can the deposit amount be received in Cash(1lakh)? Or does it have to be paid via cheque or bank transfer only? 

Okay Sir. 

But how shall I pay the deposit amount to myself, as I am the owner of a property but also a partner in the firm. It is decided as all 3 partners will have an equal contribution of the capital. So in this case, do I have to transfer my share of deposit as a partner(33000approx) in the firm's bank account and then again receive the amount from the partnership firm as a deposit by cheque or bank transfer? 

Will that not lead to unnecessary bank transactions whereas the end result is going to be that I am paying the money to myself?

Sir, I didn't get a clear idea. Can you please explain which option should I opt for?

Okay Sir. Thank You very much for your help.