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    flower1's Avatar
    flower1 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 29, 2006, 12:43 AM
    Deposit
    Refundable deposit is classified as liability or not?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
     
    #2

    Mar 29, 2006, 03:43 AM
    Yes, it is a liability.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
     
    #3

    Mar 29, 2006, 09:50 PM
    Yep, liability.

    It is unearned revenue.

    Most likely a current liability to be precise.

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