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Sagot :
To minimize the risk of theft of consumer remittances, the person who manages and deposits customer payments can also. Use of cash registers.
What is a Customer Deposit?
- A customer deposit is cash settled to a company by a customer, for which the company has not yet provided goods or benefits in exchange.
- The company has an obligation to provide the displayed goods or services, or to replace the funds.
What are customer deposits?
A customer deposit is a prepayment for the investment of future goods and services (unearned revenue). Overpayment of customer invoices (A/R) may also be regarded customer deposits because they are also thought unearned revenues.
To learn more about customer deposit, refer
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