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2020
RESERVATIONSDEPOSITS AND PREPAYMENT
A $200 nonrefundable, nontransferable deposit per Cottage or Villa, per week is required at the time of
booking. Date changes will be accepted based on availability.
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What is deposits and prepayment?
Deposits and prepayment refer to money paid in advance for goods or services.
Who is required to file deposits and prepayment?
Businesses or individuals who receive deposits or prepayments are required to file deposits and prepayments.
How to fill out deposits and prepayment?
Deposits and prepayments should be recorded accurately in the accounting system and reported on the appropriate tax forms.
What is the purpose of deposits and prepayment?
The purpose of deposits and prepayments is to ensure the seller receives payment before providing the goods or services.
What information must be reported on deposits and prepayment?
The amount of the deposit or prepayment, the date received, and the purpose of the payment must be reported on deposits and prepayments.
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