It is a liability and refundable to the customer if the merchant fails to deliver the good or service on time.
Security deposits from customers side is a liability for business.
yes It is an Asset, not a Liability.
asset liability
Asset
Asset.
Security deposits from customers side is a liability for business.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
yes It is an Asset, not a Liability.
A fictitious asset is one that doesn't have a resale value. A prepayment, such as a gift card balance, is a fictitious asset.
asset
asset liability
Asset
asset
Asset
Asset.
asset
asset