Cash/Credit transactions

This topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.

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September 1, 2020 at 6:28 pm #583049
lokeshdh00
Participant
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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As we received cheque today but cheque can only withdrawn on 10 September.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
September 2, 2020 at 8:38 am #583084
John Moffat
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It will be a credit transaction (although this is hardly likely to be relevant for Paper FA).
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