what would be journal entry for rent security deposit with owner
&
what will be entry when we receive back rent security
what is head of buliding owner
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 )
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