what are the accounting entries which get effected in order
to cash cycle

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what are the accounting entries which get effected in order to cash cycle..

Answer / poonam

Accounting Entries for AR

Once the Order is shipped then Material account will be
credit and COGS Account will be debit.
At the time of Invoice creation
Revenue account will be credit and receivable account will
be debit.
At the time of receipt creation.
Receivable account will be credit and Bank payment account
will be debit

Is This Answer Correct ?    62 Yes 9 No

what are the accounting entries which get effected in order to cash cycle..

Answer / kathir

For Order to Cash Entries.


Step 1: Sales order creation - No entries


Step 2: Pick release : Inventory Stage A/c Dr
To Inventory Finished goods a/c

Step 3: Ship confirm : Cogs A/c Dr
Inventory Organization A/c.


Step 4: In Receviable : Receviable A/c dr
To Revenue A/c
To Tax
To Freight

Step 5: Cash : Cash A/c Dr
Receivable A/c cr

Is This Answer Correct ?    42 Yes 9 No

what are the accounting entries which get effected in order to cash cycle..

Answer / srinivas k

Materal acounts
Cost of goods sold account
revenue account

Is This Answer Correct ?    28 Yes 11 No

what are the accounting entries which get effected in order to cash cycle..

Answer / pradeep.h

For Order to Cash Entries.


Step 1: Sales order creation - No entries


Step 2: Pick release : Inventory Stage A/c Dr
To Inventory Finished goods a/c

Step 3: Ship confirm : Cogs A/c Dr
Inventory Organization A/c.


Step 4: In Receviable : Receviable A/c dr
To Revenue A/c
To Tax
To Freight
step 5: When the reciept is not applied to the transaction

Unbilled receivabels a/c dr
to receivables a/c cr

Step 6: Cash : Cash A/c Dr
Receivable A/c cr

Is This Answer Correct ?    17 Yes 11 No

what are the accounting entries which get effected in order to cash cycle..

Answer / anand

1.Sales Order Creation:- NO ENTRY

2. Release of Finished Inventory:-
Finished Goods A/c Dr
To WIP (work in progress) goods A/c


3. Shipping:-
Cost of Goods Sold A/c Dr
To Finished Goods A/c

4. Invoice:-
Customer A/c Dr
To Sales A/c

5. Payment:-
Bank A/c Dr
To customer A/c

Is This Answer Correct ?    7 Yes 1 No

what are the accounting entries which get effected in order to cash cycle..

Answer / bhargav athuluri

When you ship the goods

Cost of goods sold A/C Dr
TO Inventory A/C
When you run the auto invoice program

Receivables A/C Dr
To Revenue A/C
When you receive cash

Cash A/C Dr
TO Cash clearing A/C

Is This Answer Correct ?    8 Yes 4 No

what are the accounting entries which get effected in order to cash cycle..

Answer / anil

1. Order Created - No entries

2. Order Pick Released - Inventory Stage A/c Dr
Inventory A/C Cr

3. Order Ship Confirmed - COG sold A/C Dr
Inventory Stage A/c Cr

3. Transaction Created - Receivable Alc Dr
(Receivables) Revenue A/c,Tax A/C, Freight A/c DR

4. Receipt of Payment - Cash a/c Dr
Receivable A/c Cr

Is This Answer Correct ?    4 Yes 1 No

what are the accounting entries which get effected in order to cash cycle..

Answer / aruna

When ship the goods
COGS a/c Dr
To Inventory a/c
At the time of Transaction
Receivables a/c Dr
To Revenue a/c
At the time of receipt
Cash clearing a/c
To receivables a/c
At the time of reconciliation
Cash a/c Dr
Cash clearing a/c

Is This Answer Correct ?    3 Yes 2 No

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