Accounting entries of deposits received and refunded by the company

When dealing with the accounting of deposit, the company usually involves the accounting of deposit receipt and refund. How to make accounting entries when the company receives and returns the deposit when there is a commodity transaction?

How to make accounting entries when the company receives and returns the deposit?

After receiving the deposit of 2000 yuan paid by the property management company, you can make the following entries:

When receiving the deposit, make the following entries:

Debit: Cash on hand (bank deposit) 2000

Loan: Other Payables-Property Company 2000

When returning the deposit, please make the following entries:

Borrow: Other Payables-Property Management Company 2000

Loan: Cash on hand (bank deposit) 2000

Accounting for other payables except notes payable, accounts payable, accounts received in advance, employee salaries payable, interest payable, dividend payable, taxes payable and long-term payables. Including: residual insurance payable, loans from other units or individuals, deposits received, deposits received, etc.

Cash on hand refers to the currency deposited in the accounting department of the enterprise and managed by the cashier. Cash on hand is the most liquid asset of an enterprise. Enterprises should strictly abide by the relevant state cash management system, correctly calculate cash receipts and payments, and supervise the legality and rationality of cash use.

Return deposit accounting entry receipt

Debit: Other receivables-deposits

Loan: bank deposit (cash on hand)