pdc a/c
This query is : Resolved
17 July 2011
DEAR SIR
I HAVE PROBLEM WITH VENDOR A/C WE ISSUED ONE PDC CHEQUE FOR ONE SUPPLIER AND I MAKE ENTRY
SUPPLIER A/C DR
TO
PDC A/C
BUT MY PROBLEM INSTEAD OF DEBITING SUPPLIER A/C CAN I HAVE ANOTHER OPTION BECAUSE THEY KEEP THIS CHEQUE PDC IN HAND AND OUR A/C IS NOT TALLY ONLY BECAUSE OF THIS . PLEASE HELP ME.
I HAVE PROBLEM WITH VENDOR A/C WE ISSUED ONE PDC CHEQUE FOR ONE SUPPLIER AND I MAKE ENTRY
SUPPLIER A/C DR
TO
PDC A/C
BUT MY PROBLEM INSTEAD OF DEBITING SUPPLIER A/C CAN I HAVE ANOTHER OPTION BECAUSE THEY KEEP THIS CHEQUE PDC IN HAND AND OUR A/C IS NOT TALLY ONLY BECAUSE OF THIS . PLEASE HELP ME.
17 July 2011
PDC can not be accounted at current date, but provisional entries can be made only.
you have to record the cheques on their issue date only.
you have to record the cheques on their issue date only.
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17 July 2011
thank you for your reply
sir we give this cheques to our supplier and i am asking about my a/c not their a/c if there is any entry please help me
sir we give this cheques to our supplier and i am asking about my a/c not their a/c if there is any entry please help me
17 July 2011
you cant make entries of post dated cheques,
if your accounting softwares allow provisional entries, then only ytou can do it. it would get auto converted to normal bank payment on date confirmed in provisional entry.
mere offer of cheque does not confirm payment, as you may not have cash at bank and cheque may get bounce,
if your accounting softwares allow provisional entries, then only ytou can do it. it would get auto converted to normal bank payment on date confirmed in provisional entry.
mere offer of cheque does not confirm payment, as you may not have cash at bank and cheque may get bounce,
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