Security deposit refund

A/c entries 613 views 1 replies

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. 

Replies (1)
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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