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flower1
Mar 29, 2006, 12:43 AM
Refundable deposit is classified as liability or not?
RickJ
Mar 29, 2006, 03:43 AM
Yes, it is a liability.
CaptainForest
Mar 29, 2006, 09:50 PM
Yep, liability.

It is unearned revenue.

Most likely a current liability to be precise.