I received rental refundable deposit back, how i treat in account and what type of head is it.......
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.
it is not included since the bank is already closed
Its a liability, an amount your company owe to that customer.
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.
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 means that the deposit will NOT be refunded to you at any time in the future after you make the non refundable deposit.
A refundable deposit can be returned to you if you meet certain conditions, while a non-refundable deposit cannot be returned to you under any circumstances.
it is not included since the bank is already closed
Its a liability, an amount your company owe to that customer.
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.
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.
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.
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.
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.
The policy for the non-refundable deposit for this apartment is that once it is paid, it cannot be returned to you under any circumstances.
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.
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.