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areedy · 06-26-2008, 07:16 AM

Since the Security deposit is a liablity, you have to credit it, when you receive a check. So, the entry is dr. Cash, cr. Security Deposit.
When at the end you have to pay this money back to the rentor, you have to dr. Security Deposit account and cr. Cash.

06-26-2008, 07:16 AM	#3 (permalink)
areedy Status: n00b Join Date: Jun 2008 Posts: 3	Since the Security deposit is a liablity, you have to credit it, when you receive a check. So, the entry is dr. Cash, cr. Security Deposit. When at the end you have to pay this money back to the rentor, you have to dr. Security Deposit account and cr. Cash.