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.

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Akhila Ajayan

siddhesh satardekar

shreesh acharya

Amit Singh

Pushkar Nagda

Subscribe Now

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

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA