Question

What to do when rent deposit is given in adjustment ?

Answer 1

Answer:

If it is not in adjustment it means that it is in trial balance. and if anything is in trial balance it should be recorded only in balance sheet .

Answer 2

Explanation:

The importance of security deposit for a landlord

The importance of security deposit for a landlord The landlord, under the agreement, has right to adjust the security deposit against any arrears of rents or other charges payable under the agreement