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dixie2
Level 1

What account should I post a secured credit card deposit to, a current asset trust account or a liability trust account?

My client has a Capital One secured credit card for which he had to pay a $300 deposit. The deposit is refundable when/if he cancels the credit card and is not a payment on the balance owing.
1 Comment 1
Rustler
Level 15

What account should I post a secured credit card deposit to, a current asset trust account or a liability trust account?

it is an asset account

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