PDC-Why?

Dear All

 

I have seen a trend of collection of PDC's (Post dated Cheques) from the customers.................can anybody pl. let me know what would b the advantage of collection of PDC"s from the customers???

And what would be the accounting impact for the same in books?

Accounting entry also required?

Thanks in advance!

Replies (2)

hello gaurav

 

PDC's are generally collected to ensure payment of money.

in case of non payment u can dishonoured the check and can file case under section 136

there is no entry required to be made in books of accounts for receipt of PDC's. however u can maintain a memorandum book for PDC just know the possession of cheques

 

hope useful for you

regards!!

Thanks Mr. Goyal

I got it & thanks again for quick & kind reply.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 08 August 2026
CA Articleship

RSAG & CO LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
07 August 2026
Chartered Accountant

Devesh Garg and co

New Delhi

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details