S ELAVARASI
(ACCOUNTANT)
(2972 Points)
Replied 30 October 2020
prasad Nilugal
( GST Practitioner & Accounts )
(13206 Points)
Replied 30 October 2020
When you pay security Deposit entry will be
Security Deposit A/c Dr
To Bank A/c Cr
( Security Deposit paid for rental Home )
Security Deposit Account under head Current -Asset
When you receive back entry will be
Bank A/c Dr
To Security Deposit A/c Cr
( Security Deposit received )
Accounting
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