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    rajagopalraj's Avatar
    rajagopalraj Posts: 1, Reputation: 1
    New Member

    Mar 19, 2007, 10:30 PM
    Post dated cheques
    Hello how are you,
    1. what is the accounting entry for post dated cheques issued & post dated cheques received and please mention how it will appear in trail balance. Thanking you.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member

    Mar 20, 2007, 08:58 PM
    If you are sending out a cheque, they don't have the cash just yet, so you could wait until they cash the check before recording it. In the mean time, just indicate it with a note if you are doing your year end adjustments.

    As for receiving the cheque, go cash it, and record it.

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