For accounting purposes postdated checks are considered to be?

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Cesar VonRueden asked a question: For accounting purposes postdated checks are considered to be?
Asked By: Cesar VonRueden
Date created: Thu, Aug 19, 2021 2:49 PM
Date updated: Wed, Oct 5, 2022 10:07 AM

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Top best answers to the question «For accounting purposes postdated checks are considered to be»

  • The check is dated September 5 and represents the full payment on one of the company's accounts receivable. Since the postdated check is not considered to be money until the date of the check, the accounts receivable should not be reduced and cash should not be increased until September 5.

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