What to do when rent deposit is given in adjustment ?
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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 .
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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
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