accounting treatment for post dated cheques........

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2010 Dear all,
Can you people please help us regarding accounting treatment for POST DATED CHEQUES?

Thank you........

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
Follow

29 April 2010 PAYMENT ENTRY MAKE AS POST DATED INSTEAD OF CURRENT

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

29 April 2010 NO ENTRY FOR PDC IS REQUIRED JUST KEEP IT MEMORANDUM AND POST IT ON THE DATE MENTIONED IN CHEQUE.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Shiv

CA Shiv (Expert)
Follow

29 April 2010 agree to both of above...
normally its not required BUT..
you can post the entry with the date of cheque.. and at the time of preparing BRS. it will come as cheque not presentted to bank.....

with the bank payment entry, your liability and bank balance will reduce....jsut dont forget in BRS.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

29 April 2010 Most of the Accounting software having post date cheque entry option you can use the same or otherwise As Advised Mr.Sanjay you can keep in memorandum and post the particular date

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
Follow

30 April 2010 or as and when they come for realisation you can credit your bank account. ther are softeware whichalarm a reminder once the date is reached. rememebr that cheques are valid till 6 month from the dtae of cheque