Today I have received a PDC cheque from my client, today's date 01/05/2024, cheque is dated 01/08/2024, Please let me know what are the entries I need to make while receipt of the cheque from client and when clearing the cheque on due date
Menu
PDC Reveivables
Replies (3)
you do not make any entry till 1 August 2024.
PDC A/c Dr. To customer account and cheque clear then Bank account Dr. To PDC A/c.
Dear Vivek,
You cannot paas this entry till the date cheque becomes valid.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
