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What are the difference between Deposit and Guarantee in AR

Answer Posted / swathi

Both are committment

Deposit: When u raise an deposit u pay it. Again when
invoice is raised u tie the invoice to the deposit.

Guarantee: It is promise to buy a specified quantity. u
dont pay the Guarantee. U only tie the invoices to a
Guarantee.

For both the revenue account is unearned.

Regards
swathi

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