General
Payment of Office Security Deposit
Recording the refundable deposit paid to a landlord at the start of a lease.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Refundable Deposits | Asset (+) | 2,000.00 | - |
| Cash / Bank | Asset (-) | - | 2,000.00 |
💡 Accountant's Note
Deposits are not expenses. They are assets because you expect to get the money back at the end of the lease, provided the property is in good condition.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.