sage journal entry losis electronics limited
meibaker
Registered Posts: 481 Dedicated contributor 🦉
simulation 2 losis electronics limited
task 2.7
ask you to make journal entry
petty cash 250
bank 250
withdrawl of cash from bank
what i did is bank > transfer, i know it's wrong as tutor left comment as being missed posting of petty cash drawn from the cash. so what's the correct way to do it then! thanks
task 2.7
ask you to make journal entry
petty cash 250
bank 250
withdrawl of cash from bank
what i did is bank > transfer, i know it's wrong as tutor left comment as being missed posting of petty cash drawn from the cash. so what's the correct way to do it then! thanks
0
Comments
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Not sure i understand but..
In sage you can do a "bank" transfer from petty cash to the bank..
If they were being really anal you should technically go the the nominal ledger and post it as a journal there..
Apologies if i've missed the point completely!0 -
If they were being really anal you should technically go the the nominal ledger and post it as a journal there..
In other words if you are asked to do something in an exam, do it !0 -
simulation 2 losis electronics limited
withdrawl of cash from bank
i know it's wrong as tutor left comment as being missed posting of petty cash drawn from the cash. so what's the correct way to do it then! thanks
Which way around did you do the transfer? Sounds to me like you've done the transfer from the petty cash to the bank, when they were asking for the other way around?0
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