Hi i need help to post a cash transaction. The business has been recently taken over and £10000 has been paid to the seller for stock and prepaid invoices. The following Journals has been posted to balance sheet as part of opening setup on sage:
JC directors Loan £10000
JD Stock £4000
JD Salaries £2500
JD Prepaid invoices £3500
Now £10000 has been paid out from bank to the seller. How and where shall i post this transaction?
Any help will be much appreciated...
JC directors Loan £10000
JD Stock £4000
JD Salaries £2500
JD Prepaid invoices £3500
Now £10000 has been paid out from bank to the seller. How and where shall i post this transaction?
Any help will be much appreciated...