Interested to Buy Any Domain ? << Click Here >> for more details...
O2C cycle with which accounts get effected
- 2 Answers
- 8765 Views
- Meru Cabs, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / barodianbuddy(acca)
Sales order creation No entries
Pick release:
Inventory Stage A/c Debit
Inventory Finished goods a/c Credit
Ship confirm:
Cogs A/c Debit
Inventory Organization a/c Credit
Receviable:
Receviable A/c Debit
Revenue A/c Credit
Tax Credit
Freight Credit
Cash:
Cash A/c Dr Debit
Receivable A/c Credit
| Is This Answer Correct ? | 2 Yes | 0 No |
CYCLE IS KIND OF FIXED ASSET AND IT IS CONSIDERED INTO THE
FIXED ASSETS AND ALSO DEPRECIATION ACCOUNT IS EFFECTED AT THE
END OF YEAR AS DEPRECIATE VALUE ACCOUNTED.
| Is This Answer Correct ? | 2 Yes | 3 No |
What is Account receivable & Account payable ?
vat paid on purchase is it comes on direct expenses or indirect expenses
Under what type of account do the unearned revenues fall?
Any income which is earned in the financial year(2009-10) but received in the assessment year(2010-11) wil be taxable or not?
what is mean by portfolio Management?
what is difference between budgeting and Forecasting
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
What Is Bank Reconciliation ?
what is addition of Opening Balance and net profit transfered from profit and loss account called?
how to transfer fund useing cashflow and fundsflow?
what are the adjustment entries?
how to maintain the capital account
Audit 
