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........
Can you people please help us regarding accounting treatment for POST DATED CHEQUES?
Thank you........
29 April 2010
PAYMENT ENTRY MAKE AS POST DATED INSTEAD OF CURRENT
29 April 2010
NO ENTRY FOR PDC IS REQUIRED JUST KEEP IT MEMORANDUM AND POST IT ON THE DATE MENTIONED IN CHEQUE.
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.
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.
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
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
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