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Double Entry

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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February 10, 2016 at 11:43 am #299920
umair001
Member
- Topics: 4
- Replies: 5
What is the entry if company has post dated cheque of $ 100,0000 and discounted it now which proceeds $ 94,000?
February 10, 2016 at 11:46 am #299921
MikeLittle
Keymaster
- Topics: 27
- Replies: 23286
Dr Cash $94,000
Dr Finance Charges $6,000
Cr Receivable $100,000
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