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If you are the party making the deposit to a landlord on a short-term lease (short term leases are month-to-month and those less than 6 months in term):
Debit: Current Assets:Security Deposit (Maturity Date)
Credit: Bank
Same as above except it is a long-term lease:
Debit: Other Assets:Secutity Deposit (Maturity Date)
Credit: Bank
If you are the landlord receiving the deposit from a party on a short-term lease:
Credit: Current Liabilities:Security Deposit (lessee name, Maturity Date)
Debit: Non-operating bank account
Same as above on a long-term lease
Credit: Long Term Liabilities:Security Deposit (lessee name, Maturity Date)
Debit: Non-operating bank account
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