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PDC Reveivables

A/c entries 354 views 3 replies

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

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. 


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