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date vs value date?

Posted: 02 March 2018, 23:41
by zh_olga
What's the difference between just date and value date?

Re: date vs value date?

Posted: 03 March 2018, 01:20
by Angeman
Date is the date of the transaction, for example the date where you give someone a check whereas value date is the date where the transaction really occurs in your bank, for example the date when your check is debited from your account.