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
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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.
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