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Security deposit
Rs.50000/- paid to Company as security deposit what will be the tally entry
Also specify under which head ledger a/c should be created.
Replies (1)
Security deposit/Security deposit with CO...... DR. 50000/-
TO Cash/Bank CR 50000/-
Under deposits create ledger Security deposit or Security depositwith CO...........
Security deposit with company..... is much better . in this case u have track that with which company u have deposit and it is easy to understand for users also
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