Ask Question
27 December, 20:15

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

+5
Answers (1)
  1. 27 December, 21:58
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How are deposits reflected in a balance sheet? What are they known as? ...” in 📘 Geography if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers