Covers the risks of writing post-dated checks money & debt can the bank pay a post-dated check before the check's date. Tutorial summarywhat is post dated chequehow to create a post-dated vouchervouchers post dated facility availableviewing current and final balances of a party ledger in big companies where large number of credit sale transactions are happening,it is common practice that party or debtors issue post dated cheque.
A post-dated check is a common business practice that allows a corporation to show a commercial partner, such as a lender or a supplier, that it intends to pay a certain amount at a given point in time. Suresh says he cannot coming to you every month to collect the money and advises you give him pdc’s (post dated cheques) so, you write him 3 cheques with the dates on them for example as : 01/04/2017 , 01/05/2017 & 01/06/2017 but the fact that you’re writing these cheques today : 25/03/2017 makes them post dated.
Cheques - what you need to know a cheque is an agreement between two individuals or organizations to make a payment post-dated cheques cashed early. Does postdating a check prevent anyone from does postdating a check prevent anyone from depositing it their accounts on the day they write those checks.
Postdated checks can pose costly headaches for payer jul 17 so, in practice, postdated checks are often cashed earlier than the check writers expect.
The cheques issued in india have the validity period of three months and within this validity period, the cheques are to be presented for payment sample:1 mr raman issued a cheque for rupees 5000 dated 17102017 in favour of kannan. How can the answer be improved.
For a bank on whom a cheque is drawn to catch a post-dated cheque would probably require that someone in that bank inspect each and every cheque for irregularities when the cheque comes back to the branch (if indeed the physical cheques are even sent to the branches any more. Find out if post-dated checks will be accepted by bank's earlier than the specified date intended for deposit. People typically postdate checks intending that the recipient not deposit or cash the check until a later date, because payment is not due until that later date for example, someone might mail a check for a utility bill before payment is due, and put the bill's due date (not the date the check is being written) on the check.