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If you are the person that is issuing the check then no entry is recorded until the actual date that the check is cashed. If you are the person receiving the check there shouldn't be an entry until the date the actual check is cashed.
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∙ 15y ago
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Can you cash your check for January 3rd today the 31st?
No, a check dated in the future is a post dated check. Banks won't knowingly cash a post dated check.
What is a post-dated journal entry?
Debit accounts payable / expensesCredit bank
What is the journal entry for post dated cheque is received?
debit bankcredit accounts receivable
Journal entry for post dated cheque?
Debit expenses / accounts payableCredit bank
Are post dated checks followed by banking prodecures?
I cant share about every bank but i know that is a post dated check is presented at the bank i work at we will not honor it. That said, if a post dated check is dropped in the night deposit or ATM machine we really have no choice but to process it. It is technically illegal to write a post dated check.
Is it legal to write a post dated check in Pennsylvania?
Yes, it is legal to write a post-dated check in Pennsylvania. However, banks are not obligated to honor post-dated checks, so there is a risk that the check could be deposited before the date written on it. It is recommended to communicate with the payee about the date the check should be deposited.
What is the journal entry when post dated cheque issued to supplier?
debit accounts payablecredit bank
Can you write a post-dated check?
Yes. You can write a post dated check. It is perfectly legal as long as the person to whom you gave the check doesnt submit it for cashing before the date you put on the check.
Can a bank pay a post dated check early?
No.
Is a post dated check illegal in Florida?
I worked in banking for years, and never heard of post dated checks being illegal.
In a payday loan what is considered collateral?
Post dated check.
Can a post dated check be cashed?
A post dated check can be cashed, but only when enough time has elapsed that the current date is equal to or later than the date of the check. Banks require a current date on checks.
