What does post dating a cheque mean Ipad friendly free cams

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Here is some helpful information about the use of cheques and how they are processed by financial institutions.

Our advice is that you shouldn’t post-date cheques because it is likely to be against the terms and conditions of your bank account.

Different banks have different policies, but the majority of banks discourage the practice of post-dating cheques.

A post-dated check is essentially a promise to pay, and until the business partner pays or reimburses amounts owed, no change is made in accounting books. Post dated cheques are cheques written by a drawer to be cashed in a date in the near future and are supposed to be kept until the date that they are supposed to be cashed and can be entered into your cashbook the same day they are supposed to be cashed Question already answered Please make sure that your answer is written in the same language as the question. You can't add content on Specialties because your account has been blocked for violating the terms of service.

According to me if we have a accounting software which allows us to post a entry for the future. Supplier A/c (Debit) Bank A/C (Credit) On due date the cheque will automatically appear in the accounting software which is the most convinient way to post. You can't add content on Specialties because you don't have a rank yet or your email hasn't been verified.

However, it’s likely that if your bank spots a post-dated cheque that you have written, it will return it with the reason given as “post-dated cheque”.

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