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A customer deposit could be money that a company receives from a customer prior to the company earning it (by providing the customer with goods or services). You can track how much of a retainer or deposit you are holding for each customer from the balance sheet report. What is a customer deposit? Assets and liabilities are listed on the company’s balance sheet.
A Customer Deposit Is Cash Paid To A Company By A Customer, For Which The Company Has Not Yet Provided Goods Or Services In Exchange.
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