M
Michael
Guest
In a fast food business where i receive cash, my takings for one week was say 6k, out of that i pay wages of 2.5k how do i record this in my accounts. (just new to doing my own accounts and using tas books)
I as such would not have a customer account.
Do i post 3.5k into cash receipts/sales, and how can i do a journal to increase my sales the other 2.5k and post to my net wage account.
Also what are debit and credit journal.
Does sole trader mean the only owner of the business.
When setting up accounts after getting set of accounts from my acountant up to 31/12/03, do i start with my dates 31/12/03 or 01/01/04 (when entering accounts from scratch) Many thanks
I as such would not have a customer account.
Do i post 3.5k into cash receipts/sales, and how can i do a journal to increase my sales the other 2.5k and post to my net wage account.
Also what are debit and credit journal.
Does sole trader mean the only owner of the business.
When setting up accounts after getting set of accounts from my acountant up to 31/12/03, do i start with my dates 31/12/03 or 01/01/04 (when entering accounts from scratch) Many thanks