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Investors & landlords
A security deposit held during a rental would be "unearned revenue", a current liability (if a one year lease). If you end up keeping the security deposit, reverse the "unearned revenue" (by debiting the the current liability) and offset with a credit to rental income. If you return the security deposit, reverse the "unearned revenue" (by debiting the the current liability) and offset with a credit to cash.
‎June 3, 2019
4:37 PM