Accounting




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General Accounting Discussions: Please anyone help me on this. Post dated check needs voucher?

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    • CommentAuthorjeanette
    • CommentTimeFeb 29th 2008
     
    I bought a motorcycle on installment. The seller wants me to issue 12 post dated checks to cover every month installment. Do I make a voucher now for each of these post dated checks even if it has not yet become due?

    Please help me.
    • CommentAuthormlaw1156
    • CommentTimeMar 13th 2008
     
    The variable in your question is trust. Personal checks are payable on demand. Putting a date (past or future) on a check is for reference only, it has nothing to do with the it's value as money.
    • CommentAuthormanuel
    • CommentTimeMar 20th 2008
     
    No just make a list which is handy to you or write it as a reminder on your cellphone or write it to your desk so you wont forget it.

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