Cash management system
This query is : Resolved
15 October 2011
Hi!
Can anyone of you please explain what is "post dated cheque management"?Thanks in advance.
Can anyone of you please explain what is "post dated cheque management"?Thanks in advance.
16 October 2011
Normally all the companies are not doing business of advance payment basis, they do give credit to their customer.
However, inorder to secure their money from the debtors, company may ask Post Date Cheque from the customer. This Post Dated Cheque (PDC) will be presented in to the bank as per the due date. So Managing this activity is called PDC management.
However, inorder to secure their money from the debtors, company may ask Post Date Cheque from the customer. This Post Dated Cheque (PDC) will be presented in to the bank as per the due date. So Managing this activity is called PDC management.
Message likes :
1 times
17 October 2011
Yes OR is right. In the PDC Credit Management System, usually a PDC Register is maintained to have the records of all the PDCs which have been received and on the due date receipt over the system is issued to bank for them.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
