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Discuss corresponding debit to a deposit expense or to asset

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Reference no: EM131781269

If I make a cash payment on an asset that is to be delivered next fiscal year in order to secure my purchase, this payment is going towards the total cost of the asset once it is delivered. I know I am crediting cash but is the corresponding debit to a deposit expense or to the asset that i do not have yet.

Reference no: EM131781269

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