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I received rental refundable deposit back, how i treat in account and what type of head is it.......
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∙ 11y ago
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Non refundable deposit refundable when?
Non refundable deposit means that the deposit will NOT be refunded to you at any time in the future after you make the non refundable deposit.
What is the accounting treatment of deposit in closed bank?
it is not included since the bank is already closed
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
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.
Non refundable deposit refundable when?
Non refundable deposit means that the deposit will NOT be refunded to you at any time in the future after you make the non refundable deposit.
What is the accounting treatment of deposit in closed bank?
it is not included since the bank is already closed
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
How do get your deposit back from a car dealer if you don't buy the car?
That depends on whether you signed anything when you put down the deposit, and whether it was a refundable deposit or a non-refundable one.
Is a non refundable deposit legal?
I've never heard of a non-refundable rent deposit. The term "deposit" is money that is left to cover certain damages if they occur. Otherwise one is entitled to its entire or partial refund (normally with receipts and documentation explaining the offset amounts). If a "Deposit" is non-refundable, then it's not a deposit, rather a fee-- typically the case with pet fees.
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.
What is a half down non refundable deposit?
A half-down non-refundable deposit would be a 50% deposit on what you're making the deposit on (a $700 per month rent apartment might require a half-down deposit, i.e. $350), this deposit will not be returned at the end of the term / deal / transaction.
What are refundable containers?
A refundable container is one that you put a deposit on when you purchase it. When you return the empty container, you receive your deposit back. There are currently 10 US states that participate in this type of program.
In California is a deposit on a car refundable if don't buy it?
Unless it is stated in writing that the deposit is refundable, it typically isn't. The person accepting the deposit has essentially removed the car from the market and may have missed another sale because you had made the deposit, which was your promise to purchase the vehicle.
Does a non refundable deposit cover anything?
It would be part of the payment for whatever the deposit is on. If you don't buy or use what the deposit is on, it is not refunded.
