sex dating in woodside pennsylvania - Postdating a cheque

by  |  03-Oct-2014 10:10

It had already sent you a cheque for £25 to cover the £22 charge for being overdrawn.

known to be worthless when issued, both because such a check is not within the terms of the statute(17) and because the lender intends to extend credit, and does not rely on any representation by the borrower that there is money or will be in the account, and understands that there is a high degree of risk.

From the perspective of the check issuer, there should be no journal entry to record the reduction in cash until the date listed on the check.

From the perspective of the recipient, there should be no entry to record the increase in cash until the date listed on the check.

Birmingham Midshires carelessly presented a clearly marked postdated cheque to their bank three weeks before the date on the cheque.

The bank the money was going to accepted the postdated cheque apparently without question.

Postdating a cheque

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