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Security Deposit accounting

1097 views 4 replies

Akshay Vora

4 Points Posted on 19 September 2019

how to account the refundable security deposit received from the lesse under the finance lease under Ind AS regime ?

Replies (4)

T K Vijith

143 Points Posted on 19 September 2019

Dr Bank and Cr Security deposit returnable (Current liabilities)

Akshay Vora

4 Points Posted on 19 September 2019

At what value ? the transaction value or the present value?

and if the present value, then will you unwind the notional interest over the period of the lease term ?

Mohit Panjwani

2 Points Posted on 21 September 2019

You have to record it at the trx value only

Swetha Yagati

57 Points Posted on 24 September 2019

Should we also write it as an expense to p&l a/c

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