Education
Security Deposit — Leased Campus Space
Paying a refundable deposit when leasing additional office or teaching space.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Refundable Deposits (Leased Space) | Asset (+) | 15,000.00 | - |
| Cash / Bank | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
Lease deposits are assets, not expenses. They are held on the balance sheet until the lease ends and the deposit is returned or applied against damages.
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