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Its a liability, an amount your company owe to that customer.
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Accounting treatment for refundable deposit?
I received rental refundable deposit back, how i treat in account and what type of head is it.......
What is the accounting treatment of deposit in closed bank?
it is not included since the bank is already closed
What is accounting treatment for deposit for share?
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
What is accounting treatment for deposit for shares?
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
What is the Accounting entry of deposit in a close bank?
check
Accounting treatment for refundable deposit?
I received rental refundable deposit back, how i treat in account and what type of head is it.......
What is the accounting treatment of deposit in closed bank?
it is not included since the bank is already closed
What is accounting treatment for deposit for share?
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
What is accounting treatment for deposit for shares?
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
What is the accounting treatment for 'deposit for shares'?
If the deposit for shares does not meet the definition of liability i.e. there is no obligation to pay back then it should be treated as equity.
How do you pass accounting entries in case of a cheque bounce?
#1 : At the time of deposit Bank a/c Dr To Customer a/c #2. when the cheque was dishonoured we have to reverse it Customer a/c Dr To Bank a/c irshad: irshadcomtech
What is the accounting treatment for banker acceptance in banks?
A banker's acceptance starts as a time draft drawn on a bank deposit by a bank's customer to pay money at a future date, typically within six months, analogous to a post-dated check. Next, the bank accepts (guarantees) payment to the holder of the draft, analogous to a post-dated check drawn on a deposit with over-draft protection.
What is the Accounting entry of deposit in a close bank?
check
What is COD in accounting?
It may be cash on Deposit or delivery
What is the accounting treatment of saving deposit in closed bank?
Even if the account is closed, the cash inside of the account is still considered an asset and no accounting entries are necessary. If a new account is opened, the new account is debited the cash balance and the old account is credited.
What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
Can your check be deposited into an ATM?
Yes. Most ATMs these days accept check deposits. The customer has to select the deposit check option and then insert the check into the machine. Advanced ATMs like the ones from bank of america in USA even scan the check and print out a receipt with the image of the check in it. This way, the customer can keep it as a record of the deposit they made
