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
Jabir Aslam (2 Points)
01 May 2024Today 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
Nikhil Kaushik
(Fellow CA)
(85367 Points)
Replied 01 May 2024
you do not make any entry till 1 August 2024.
vivek
(Student CA IPC / IPCC)
(53 Points)
Replied 01 May 2024
Nikhil Kaushik
(Fellow CA)
(85367 Points)
Replied 01 May 2024
Dear Vivek,
You cannot paas this entry till the date cheque becomes valid.
CAclubindia
