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What is journal entry for cheq deposit?

Anonymous

∙ 11y ago

Updated: 8/20/2019

[Debit] Bank Account

[credit] Cash Account

Wiki User

∙ 11y ago

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The accounting journal entries to record a security deposit should be a separate entry titled security deposit. You should include the tenants name, and it should be considered a liability since you will have to return it at some point.

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