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-   -   PDCs as per ifrs (https://www.askmehelpdesk.com/showthread.php?t=825509)

  • Jun 14, 2016, 12:57 PM
    Rita Atallah
    PDCs as per ifrs
    I want to know how to record a post dated check as per ifrs
  • Jun 14, 2016, 09:24 PM
    Fr_Chuck
    Once a check is written and signed it is legal tender. And receipt of it, is receipt of payment.

    In fact the person receiving it, may merely deposit it, before the date if they want. Once signed, it may be deposited or cashed without waiting for the date on the check. Banks do and will cash and accept them postdated.

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