What is the journal entry for received three months post dated cheque of 2000 from raj and deposited in the bank on the same day.discounted from bank paying discounting charges 750?
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Raj has received three months post dated cheque of 2000 deposited in the bank on the same day.
PDC issued/received are based on financial statement as a commitment. There should be No Entry.
It is also not liable for cheque issued as demandable and due with action.
Memo Asset and Memo Liability entry did "off" books. It systems allows the one-sided entry under Items
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