Accounting entries for warranty deposits received by the company
1. When the payment is made, the relevant accounting entries are prepared as follows:
Borrow: other receivables
Loan: bank deposits
2. When the warranty is returned, the relevant accounting entries are prepared as follows:
Borrow: bank deposits
Loan: other receivables
3. >3. When the security deposit is deducted, the relevant accounting entries are prepared as follows:
Borrow: Administrative Expenses
Loan: Other Accounts Receivable
4. When the money is remitted to the company's account, the relevant accounting entries are prepared as follows:
Borrow: Bank Deposit
Loan: Other Accounts Payable - XX.
5. When the security deposit is remitted, the relevant accounting entries are prepared as follows Prepare the following:
Borrow: other receivables-XX units
Loan: bank deposits
3. When the security deposit is returned, the relevant accounting entries are prepared as follows:
Borrow: bank deposits
Loan: other receivables-xx units
Bank deposit is an asset account, accounting for the existence of the enterprise's bank clearing account. The closing balance generally appears on the debit side, indicating an increase in the company's bank deposits.
What are other receivables?
Other receivables are various other receivables and provisional payments other than notes receivable, accounts receivable, prepayments, dividends receivable and interest receivable of the enterprise.
Other receivables include:
1. Various claims and fines receivable. Such as accidental loss of business property, etc. should be collected from the relevant insurance companies, etc.;
2, rent receivable rental packaging;
3, should be charged to the staff of the various advances, such as advancing for the staff of the utility bills, should be borne by the staff of the medical expenses, rent, etc.;
4, deposits out of the deposit, such as leased into the packaging materials to pay the deposit;
Other receivables include:
5, various other accounts receivable and penalties. p>5, various other receivables and provisional payments.