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What will be the entry for security deposits paid for rented house?

House taken on11 months legal agreement.

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Question added by Mahendra Mahajan , Analyst , Infosys
Date Posted: 2015/08/01
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Zuhaib Iqbal Qadri
by Zuhaib Iqbal Qadri , Accountant , Auto Z Automotive Group

Security Deposit   (dr.)

              Cash/Bank       (cr.)

 

 

 

For Landloard ;

Cash/Bank  (dr.)

         Liability (cr.)

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