
Get Itemized Security Deposit Deduction Letter 2020-2025
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To create a journal entry for a security deposit, record the transaction in your accounting records, noting the date, amount, and the purpose. Typically, the security deposit is debited to show the receipt of funds, while the corresponding entry should credit a liability account, acknowledging this amount may be refundable. If you ever find yourself needing a structured format, consider using an Itemized Security Deposit Deduction Letter as a reference for clarity in your records.
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