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What Post Dated Check Management?

Accounts Payable Accounts Receivable
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Question added by Arif Hussain , Accounts Payable , Pakistan
Date Posted: 2014/10/21
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Muzammil Hayath CDCS
by Muzammil Hayath CDCS , Trade Finance Officer , Elekta Gulf

PDC Issued is a current Liablity & PDC received is Current asset,when company issued a Post dated cheque to a Party that time Debit the Party A\\C and Credit to PDC issued A|C and on the cheque date Cr Bank A\\C and Debit PDC A/C.(same goes to PDC received)

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