Real Estate
Tenant Security Deposit Received
Recording a refundable security deposit paid by a new tenant at lease commencement.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank | Asset (+) | 10,000.00 | - |
| Tenant Deposits Payable | Liability (+) | - | 10,000.00 |
💡 Accountant's Note
Security deposits are not income. They are liabilities because the landlord must return them at the end of the lease if the tenant has not caused damage.
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