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Security Deposit

18 February 2019

What will be the treatment under Ind AS of interest bearing security deposit received by an entity which need it refunded after some time?

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2 Replies

Madamshetty Kavya (32 Points)
Replied 23 February 2019

They should recognise as a financial liability at fair value, as per Ind AS 109 and the difference between actual value and fair value is recognized as Deferred Income.

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Sarthak Gupta (28 Points)
Replied 23 February 2019

Can we treat the same to be at fair value already since it is interest bearing security deposit liability?

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