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What is the treatment of customers postdated check? a.accounts receivable b.accounts payable c.cash

Accounting Bank Accounting Banking Accounting and Finance
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Question added by miyaki san
Date Posted: 2017/07/12
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Muhammad Zain
by Muhammad Zain , Accounts Officer , 3S Systems - C.GROUP

No Entry will be in Accounting Software, When this check will be clear then it will be a minus from Customer Ledger.

Sharon Loste
by Sharon Loste , Sales , Debauve and Gallais

Post dated checks are still considered as accounts receivable.Once the check becomes cleared it will be considered cash or cash in back.

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