How to write the accounting entries of company deposits?

Deposit, in fact, can also be called deposit, risk of mortgage, etc. , that is, to ensure that the interests of one party will not be damaged. How to write the accounting entry of deposit?

Accounting treatment of deposits

Accounting treatment of payee:

After receiving the deposit:

Debit: bank deposit (cash on hand)

Credit: other payables

When the deposit is refunded:

Debit: Other payables

Loan: bank deposit (cash on hand)

When the deposit cannot be refunded:

Debit: Other payables

Loan: non-operating income

Accounting treatment of payer:

When paying the deposit:

Debit: Other receivables-deposits

Loan: bank deposit (cash on hand)

After receiving the refund deposit:

Debit: bank deposit (cash on hand)

Loans: other receivables-deposits

When the deposit cannot be refunded:

Borrow: non-operating expenses

Loans: other receivables-deposits

How to understand other payables?

Under normal circumstances, the "Other Payables" account is used to calculate the funds payable by enterprises and temporarily received by other units or individuals, such as the rent payable by renting fixed assets and packaging materials, the deposits received by individuals or subordinate units, the decoration deposits received by owners and property management households within the jurisdiction, the overall pension payable to employees, and the funds temporarily paid by superior units and subordinate units.

It should be noted that the money payable to suppliers often occurs in the accounts payable and notes payable accounts of enterprises.

"Other payables" is a liability account. The lender represents various payables and temporary receipts, and the borrower represents various payables and temporary receipts that have been repaid or written off. The balance at the end of the month is in the credit, indicating the cash balance payable and temporarily received by the enterprise.

"Other payables" account shall be set with detailed accounts according to the categories of payables and temporary receipts.