Question

For accounting purposes, postdated checks (checks payable in the future) are considered to be

Answer 1

The postdated checks are considered to be an accounts receivable for accounting purpose.

What is a postdated checks?

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

Read more about postdated checks

brainly.com/question/3257002

#SPJ12