Académique Documents
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Unrestricted and
Restricted and
immediately
for use other
available for use
than for current
in current
operations.
operation.
Entry:
Cash in Bank xxx
Accounts Payable xxx
Company’s Postdated Check- are company’s
check which has been recorded as issued and
delivered to payee before or at the end of the
reporting period should be reverted to cash and
the corresponding liability shall continue to be
recognized, because there is no actual payment
yet, as of that date.
Entry:
Cash in Bank xxx
Accounts Payable xxx