Hi, I wanted to know that if, We received a post / future dated cheque for selling goods on same day of selling goods. Will it be Cash transaction or credit?
As we received cheque today but cheque can only withdrawn on 10 September.
Thank you
Ask the Tutor ACCA FA
Cash/Credit transactions
5y ago#1It will be a credit transaction (although this is hardly likely to be relevant for Paper FA).
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