1. # Deposits are Recorded as Assets on the Balance Sheet
2. # They Represent Funds Paid in Advance as Security or for Future Use
3. # Deposits can be Categorized either as Current or Non-current Assets
4. # Examples of Deposits Include Rental Deposits and Security Deposits
5. # They Reflect the Company's Relationships with Customers, Suppliers, or Landlords
6. # Deposits are Disclosed in the Notes to the Financial Statements
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7. # They Provide Protection and Assurance for Both Parties in a Transaction
8. # Deposits Represent a Claim on Future Cash Flows
9. # They Support Financial Stability and Risk Mitigation
10. # Deposits Help in Managing Contractual or Legal Obligations
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