What are the difference between Deposit and Guarantee in AR
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Answer Posted / d chitti babu
Deposit : It is the pre-payments made by a customer that
should be adjusted against the future debit transactions
that are raised with respect to this pre-payments.
Gurantee : It is a documentation of the promise made by the
customer to obtain the goods from the organisation. This
promise is documented as a gurantee. The customer does not
make payment for the guarantee
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