Security deposit refund

Abhishek Raj (Accounts executive)     21 May 2019

Abhishek Raj
Accounts executive 
 28 points

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My co has received security deposit refund from electricity supply co in which account head should I record it in books. Would it be shown in balance sheet and which side. 

Please guide me asap. 


Giridhar S Karandikar (Team Lead)     21 May 2019

Giridhar S Karandikar
Team Lead 
 713 likes  6923 points

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debit bank account and credit security deposit account, since at the time of payment of sec dep the balance must be o/s to Sec dep account

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