Liability
mkm,
Security deposits from customers side is a liability for business.
yes It is an Asset, not a Liability.
asset liability
Liability
mkm,
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
fix deposits are not collateralised. that's why they are called unsecured loans every asset and liability comes in B/s
yes It is an Asset, not a Liability.
asset
asset liability
Demand deposits are considered liabilities on the accounting books of a bank. This is because the bank is obligated to repay the deposited funds to the account holders on demand. It is essentially a debt owed by the bank to the account holders.
Asset
Asset
It is an asset