As the cashier in a retail shop you maintain a Cash account which has two sides. Assuming all amounts received are identified by you as ‘in’ and all payments are identified as ‘out’, state the side on which you will record each of the following transactions:

(a) £56 paid for postage

(b) £15 received on sale of goods held for sale

(c) £65 paid for staff refreshments

(d) £500 received as loan from Dave, a friend of the owner

(e) £1,000 paid as rent for the shop premises

(f) Two ten-pound notes given to a customer as change for a £20 note

Transcribed Image Text:

In Out None y X Z