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When we discount a post dated cheque and receive the proceeds in our bank , we debit bank but which account is credited.Also what would be the grouping of the account credited.
Normally you should credit PDC account. When you receive a PDC cheque you will Debit PDC accont credit Customer Account. So this time when you credit PDC account, the subject account will be cleared. But at the same time, in case of the discount cheque bounced, it will be directly debited into customer account.
