Restaurant
Security Deposit Paid to Landlord
Paying a refundable deposit at the start of the restaurant lease.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Refundable Deposits (Landlord) | Asset (+) | 3,000.00 | - |
| Cash / Bank | Asset (-) | - | 3,000.00 |
💡 Accountant's Note
Deposits are not expenses. They are assets because the money will be returned at the end of the lease, assuming the premises are in good condition.
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