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23 March, 00:02

How are deposits reflected in a balance sheet? What are they known as?

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  1. 23 March, 00:30
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    Deposits as Assets. When a business places a security deposit - that is, it gives someone else money to hold against possible future charges - the deposit is listed as an asset on its balance sheet ...

    Deposits as Liabilities ...

    Accounting Depends on the Repayment Term ...

    Entries at Collection Time ...

    Non-Refunded Deposits.
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