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Difference between post date and value date?
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Answer Posted / orly dias
Posted date is the date the asset is recorded inb your
system and stored.
Value date is the date on which the asset or liability
becomes of value.
E.g. Cheques when submitted for clearing are posted in your
system and date is posted date. The value date of the
cheque is only once it is cleared and value is realised and
the money comes into the account and hence value date.
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