When booking a non-A/R deposit, you debit ? and credit?; if a receivable, debit ? and credit?
Whenever you receive cash, you always debit cash a/c. The only question is what do you credit? If the money was received from a customer for credit sales made previously, you credit Accounts Receivable. If the money came from non AR sources, you credit that source, for e.g. your boss may have pumped in more cash to keep the co. going, so you'd credit Owner's equity a/c or Director's loan a/c, depending on whether you work in a sole-proprietorship or in a co. The non AR deposit can also be an advance from a customer so you credit the Customer advance a/c or any other suitable name in accordance with your chart of accounts. |
