Where to show security deposit received from mtnl


Working

Dear friends and respected seniors,
                    We had taken mtnl landline connection many years back and at that time they had taken security deposit of Rs. 3000.  In FY 18-19 we closed MTNL landline connection and after two months we got the check of Rs 2216. ( Rs 3000 minus last bill of Rs 784 ). 
 Now my query is how will this Rs 2216 be treated ?  Will it be added to income ? 
Awaiting your reply. 
Thank you. 

 
Reply   
 

As such its advance received back, but it seems the deposit paid earlier was debited to P&L acc. and hence no such provision in BS.

If that be true, this refund of Rs. 3000/- will be treated as Income of current FY.


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Working

Thank you Sir for your quick and accurate reply. 


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