I do not understand what is Call Deposit Receipt/Security Deposit Receipt
Is this when the vendor provides you with a receipt or letter as a Security Bond to claim from the Bank in the event of default by the vendor? If so, there is no accounting entries to record in the books since no cash has exchanged.
I do not understand what is Call Deposit Receipt/Security Deposit Receipt
Is this when the vendor provides you with a receipt or letter as a Security Bond to claim from the Bank in the event of default by the vendor? If so, there is no accounting entries to record in the books since no cash has exchanged.
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