If i use my cash to purchase the stock and receive cheque from customer and bank in to the bank account, how to key in the cash part into account? tq
If you purchase things for your business with personal funds, create an expense claim. This will create a liability, since the company owes you money. How you clear the liability depends on several factors, notably your form of organization. Search the forum for “expense claims” and you will find several discussions.
As for receiving money from customers, see the Guides, including Receiving money in cash account